MergerPlace

Unique High-End Home Decor Store

North Carolina (Pitt)


  • Asking Price: $149,500
  • Gross Income: $261,757
  • Cash Flow: $48,818
  • Real Estate: Not Disclosed
  • Inventory: $60,000
  • FF&E: $10,000
  • Listing ID: #199216
  • Established: 2011
  • Employees: 1 FT/2 PT

Business Description

Great opportunity to own this unique high-end home décor store full of one of a kinds and some of a kind finds. Located in an upscale area in Greenville's premier mixed-use destination for shopping, dining and entertainment. The store is a well-established shopping destination for Greenville’s interior decorators, as well as loyalists from far-reaching areas of eastern North Carolina. $60,000 of inventory is included in the listed price.


Business Details

Primary Business Category: Retail Trade - Furniture & Home Furnishings
Location: North Carolina
County: Pitt

Company Information

Year Established: 2011
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT/2 PT

Financial Information

Asking Price: $149,500
Gross Revenue: $261,757
Cash Flow: $48,818
FF&E: $10,000
Inventory: $60,000
Seller Financing Available: Yes

Property Information

Facilities:

Occupies 3,000 Sq Ft in an upscale destination area in Greenville, NC which offers a wide variety of popular specialty shops, boutique, salons and restaurants.

Growth & expansion opportunities:

The Company plans to grow prudently with continued focus on the shopping experience, it's product and merchandising and also offering specials services including interior design services.

Competition:

The retail market for home décor is highly competitive. Accordingly, the store competes with a variety of specialty stores, department stores, discount stores and catalog retailers that carry merchandise in one or more categories. Management believes that the principal competitive factors influencing the business are merchandise quality and selection, price, customer service, visual appeal of the merchandise and the store and the convenience of location.

Reason for selling:

To pursue other family interests.

Support & Training:

Will train for 4 weeks @ no cost. Since 2011, this home decor store has been striving to offer unique items in order to provide its customers with a different shopping experience. Whether it’s a piece of heirloom quality furniture, a dining room table crafted from 100-year old barn wood, a custom ordered sofa and accent chair, or color from the exclusive Annie Sloan Chalk Paint line. Exclusive: home to Eastern, North Carolina’s certified Chalk Paint® brand decorative paint by Annie Sloan, including all colors of Chalk Paint®, Clear and Dark Soft Wax, brushes, books and fabric.

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Business Listed By:

Tully Ryan

Murphy Business Brokers