MergerPlace

GA/NV One-of-a-kind Retail Furniture

North Carolina


  • Asking Price: $600,000
  • Gross Income: $1,100,000
  • Cash Flow: $300,693
  • Real Estate: Not Disclosed
  • Inventory: $142,491
  • FF&E: $10,000
  • Listing ID: #217340
  • Established: 1992
  • Employees: 6 FT / 1 PT

Business Description

This independently owned furniture store has been in operation since 1992 and has achieved success by offering a truly unique mix of high-end furniture and accessories that is a great fit for its Western North Carolina mountain resort area location and the high-end customers it serves. The business has received accolades in magazines such as Veranda, Atlanta Homes and Lifestyles, WNC (Western North Carolina) Magazine, Second Home and Laurel Magazine. It has grown from its start in one small location to 7,200 square feet of showroom and warehouse facilities. The lakeside scenic location and the unique and stylish architecture of the business’s showroom give the business a special charm that also attracts customers.

The business offers an outstanding growth opportunity in both the retail furniture and interior design business. The location is in a hot growth area with significant construction of new residential communities underway and planned. As more residents and visitors come to this area and visit the business, word is increasingly spreading across several states about the business and this is helping to increase sales. The current owners operate the business for just seven months of the year, May - November. Months of operation could be expanded to ten months, March – December and this would result in an immediate and significant increase in sales and profit. Social media could be further leveraged to increase awareness of the business and grow sales. A greater emphasis could be placed on interior design services as the demand for design services will grow with the significant new home development in the area.

Significant commercial development and construction is also underway near the business’s location, including the construction of private clubs and other businesses to serve new residents and visitors coming to the area. The area is home for some of the top golf courses in the country and the world, including two Tom Fazio designed courses and a third course that is under construction.


Business Details

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

Company Information

Year Established: 1992
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 6 FT / 1 PT

Financial Information

Asking Price: $600,000
Gross Revenue: $1,100,000
Cash Flow: $300,693
FF&E: $10,000
Inventory: $142,491
Seller Financing Available: No

Property Information

Facilities:

Facilities include two buildings for retail sales and the square footage of each is 4,446 and 746 sq. ft. The third building is a warehouse with 2,064 sq. ft.

Competition:

The combination of the scenic lakeside location, stylish showroom and "mountain chic" furniture inventory make this a furniture store like no other. The only competitor that serves the same type of customer is in another nearby community.

Reason for selling:

The owner is retiring.

Support & Training:

Will train for 4 weeks @ no cost The qualified buyer should have a background in retail sales and/or interior design, but retail furniture sales experience is not required.

Contact Business Seller

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Business Listed By:

Greg Younts

Murphy Business Brokers