Great opportunity to own a very well established, niche furniture store, that caters to a sophisticated clientele. This business is located in a great geographical location and is able to easily service a three state area. The building is neat and attractive both inside and out.
The business is listed for sale at $990,000 including $200,000 in inventory.
The Company is on a 6/30 fiscal year end. The financials for the 2018 tax return represent the period 7/1/18 to 6/30/19.
Centrally located 29,750 sq ft. facility. Easy access to major city as well as 3 interstate systems. The Real Estate is available for sale for $1,900,000. The sellers discretionary earnings includes a $120,000 charge for rent. The building also has 2 retail locations that rent for $1,450 per month each adding additional cash flow to go towards purchase of the real estate. The cash flow available to a buyer on the business and the Real Estate would be $436,166.
The unique niche company has numerous ways to expand its revenue and profit. A robust marketing plan could bring this company into the 21st century. They thrive off of repeat business. Expansion geographically and/or digitally could catapult revenue during the first 12-24 months of ownership.
This company has limited competition in the local and extended market. Their selection and name draws clients from states away.
Owners are retiring.
Will train for 4 weeks @ no cost Buyer should possess basic business skills including that could include sales, retail, marketing, management and inventory management.