MergerPlace

Mattress Store with $30,000 of Inventory

Iowa


  • Asking Price: $219,000
  • Gross Income: $397,240
  • Cash Flow: $126,030
  • Real Estate: Not Disclosed
  • Inventory: $33,135
  • FF&E: Not Disclosed
  • Listing ID: #226085
  • Established: 2016
  • Employees:

Business Description

The business is a mattress and furniture store located on a busy highway. Business has been at the current location for 3 years but has been associated with the manufacturer for 15 years. The Price includes $30,000.00 of inventory


Business Details

Primary Business Category: Retail Trade - Furniture & Home Furnishings
Location: Iowa

Company Information

Year Established: 2016
Home Based: No
Franchise: Yes
Relocatable: Yes
Number of Employees:

Financial Information

Asking Price: $219,000
Gross Revenue: $397,240
Cash Flow: $126,030
Inventory: $33,135
Seller Financing Available: No

Property Information

Facilities:

Building is located off a major highway and is a stand alone building. With 4376 square feet the building is just the right size for the business. With plenty of parking and a wide open floor plan the building is perfect. Lease ends May of 2022 with 2 year extensions. The landlord has agreed to allow the tenant to assign or will work with the successful buyer on a new lease.

Growth & expansion opportunities:

Business at its current location is only 3 years old. Sale have been strong through Covid. Additional advertising and sales should provide the successful buyer with continued growth and profits

Competition:

Business is well suited in the market place. Competitors have not been able to match price and quality being offered. The industry is strong and sellers have carved out a niche that has sales growing year over year.

Reason for selling:

Retirement.

Support & Training:

Will train @ $0 cost. Business sells mattresses Bedding Accessories Bedroom Furniture. Sales are generated in a retail environment in a retail store. The successful buyer will be taught the necessary skills to sell and service the customers.

Contact Business Seller

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Business Listed By:

Michael Rooney

Murphy Business Brokers