MergerPlace

Home Furnishings Showroom and Retailer

Michigan (Ottawa)


  • Asking Price: $140,000
  • Gross Income: $414,000
  • Cash Flow: $56,700
  • Real Estate: Not Disclosed
  • Inventory: $90,900
  • FF&E: Not Disclosed
  • Listing ID: #209543
  • Established: 1991
  • Employees: 2

Business Description

The Company is a premium home furnishings showroom and retailer that offers a wide selection of products including cabinetry, countertops, tiles, and more. With design and install capabilities, the Company is well-suited to fulfill customer needs. The Showroom has exclusive relationships with premium brands that provide significant competitive advantages. In business for over 25 years, the Company has developed a strong reputation and leader in the kitchen and bath product marketplace.
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Business Details

Primary Business Category: Retail Trade - Furniture & Home Furnishings
Location: Michigan
County: Ottawa

Company Information

Year Established: 1991
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2

Financial Information

Asking Price: $140,000
Gross Revenue: $414,000
Cash Flow: $56,700
EBITDA: $42,300
Inventory: $90,900
Seller Financing Available: Yes

Property Information

Facilities:

The Showroom operates out of a 4,686 sq. ft. storefront located on a highly-trafficked road. The building is available for sale with the business.

Growth & expansion opportunities:

1. Large Unsatisfied Demand Within Market: The Company has the potential to continue to grow and serve in its current market where there are plenty of houses that that could be remodeled and many new homes being built. 2. Rising Popularity of Kitchen and Bathroom Remodeling: A consumer trend, driven by TV programs on channels such as HGTV, have increased the demand for home remodeling. 3. Strong Growth in the West Michigan Area: The West Michigan area continues to grow and offers opportunity for the Company to serve both remodels and new home developments taking place during the expansion.

Competition:

Investment highlights include: 1. Established West Michigan Brand: Over its 25-year history, the Company has developed a reputation as a provider of high quality products and services. 2. Exclusive Dealer for Leading Brands: The Company has exclusive access to sell the products of two leading home product brands. 3. Strong Physical Presence Along Popular Street: The store is well-positioned on a highly-trafficked street with large signage to attract customers. 4. Knowledgeable and Experienced Design and Installation Professionals: The Company’s professionals are able to provide consistently high-quality design and installation services.

Reason for selling:

Retirement

Support & Training:

Ownership willing to provide reasonable and customary transition assistance.

Contact Business Seller

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Business Listed By:

Matt Baas

Calder Capital, LLC