MergerPlace

Established Niche Furniture Store-SE USA

South Carolina


  • Asking Price: $1,275,000
  • Gross Income: $1,965,438
  • Cash Flow: $395,964
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $34,050
  • Listing ID: #209469
  • Established: 1977
  • Employees: 41 years

Business Description

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 $1,275,000 plus inventory (estimated at $350,000).
The Company is on a 6/30 fiscal year end. The financials for the 2016 tax return represent the period 7/1/16 to 6/30/17. The 2017 tax return (for the period 7/1/17 to 6/30/18) will be filed and available shortly.


Business Details

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

Company Information

Year Established: 1977
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 41 years

Financial Information

Asking Price: $1,275,000
Gross Revenue: $1,965,438
Cash Flow: $395,964
FF&E: $34,050
Seller Financing Available: Yes

Property Information

Facilities:

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 $1,500,000. The sellers discretionary earnings includes a $96,000 charge for rent. The cash flow available to a buyer on the business and the Real Estate would be $490,441.

Growth & expansion opportunities:

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.

Competition:

This company has limited competition in the local and extended market. Their selection and name draws clients from states away.

Reason for selling:

Owners are retiring.

Support & Training:

Will train for 4 weeks @ no cost Buyer should possess basic business skills including that could include sales, retail, marketing, management and inventory management.

Contact Business Seller

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Business Listed By:

Jesse Stone

Murphy Business Brokers