MergerPlace

Home Furnishing & Gift Store-Significant

New Jersey


  • Asking Price: $1,999,000
  • Gross Income: $3,854,234
  • Cash Flow: $417,217
  • Real Estate: Not Disclosed
  • Inventory: $400,000
  • FF&E: $213,710
  • Listing ID: #214903
  • Established: 2007
  • Employees:

Business Description

Established Home Furnishings and Gifts store with significant cash flow in upscale community now available!

This business started our over a decade ago as a small craft and gift gallery and has grown into a multi Million $$ business and NJ's premier independent gift and home furnishings destination. Blossoming from a small retail space to a mega 18,000 sq ft destination retailer at 2 locations!

They now serve customers throughout the state and across state lines. Walk in and you will find unique furniture, gifts and first-in-class customer service. All within a warm, inviting and sophisticated environment catering to an upscale market at affordable prices!

There is something for everyone keeping the 100,000 + loyal customers in the business database coming back again and again throughout the year and telling their friends or bringing them in!

This nearly $4MM multi-unit retail operation is looking for a new owner operator or business owner looking for an expansion or diversification opportunity for existing company.


Business Details

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

Company Information

Year Established: 2007
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $1,999,000
Gross Revenue: $3,854,234
Cash Flow: $417,217
FF&E: $213,710
Inventory: $400,000
Seller Financing Available: No

Property Information

Facilities:

Two locations! 10,000 sq ft downtown retail space and an additional 8000 sq ft retail store and warehouse.

Growth & expansion opportunities:

Tremendous growth opportunity for this established brand grow through additonal marketing opening more locations sell their products on line!!

Competition:

This is a unique brand. It's closest competitor would be a restoration hardware or similar store. Dedicated and loyal client base of 100,000+.

Reason for selling:

The owners are looking for a new venture!

Support & Training:

Will train for 4 weeks @ no cost.

Contact Business Seller

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Business Listed By:

Cheryl Venezia

Murphy Business Brokers