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Ohio Business For Sale

 

RETAIL FURNITURE STORE, WITH REAL ESTATE INCLUDED


Attn: Michael Greengard
Toledo, OH, USA
Listing Number: "N358-MG"
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Asking Price: $895,000 USD USA Dollars
Business for Sale Industry: Retail: Home Furniture & Furnishings
Reason for Selling: Relocation
# of Employees: 2 Full Time / 5 Part Time
Yearly Revenues: $1,000,000
Yearly Cash Flow: $150,000



Business for Sale Overview:
The owner of this 10,500 square feet Retail Furniture Store in a major city in northwest Ohio is selling both the business and the real estate so he can relocate out of state to help manage a family business. This attractive business opportunity is located in a totally remodeled building on a busy thoroughfare. 2008 revenues are pushing $1 million with a positive cash flow of just under $150,000. The business turns its $60,000 inventory nearly 10 times which reflects the attraction of the major furniture lines handled by the store. The business and real estate combined are listed for $895,000 which does not include the $60,000 of inventory. The seller values the real estate alone at $700,000. The seller will augment buyer cash, a business loan, and building mortgage with as much as a $100,000 seller note. The business has attractive, knowledgeable, and experienced sales people who enjoy working with the broad customer base served by the store. Experienced delivery and set-up personnel drive a company truck which is also included in the listing price.

Property Features and Assets:
10,500 square feet building included in sale price.



Additional Details:
  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • The owner is not willing to work for the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise opportunity.
  • This is not a distressed business or bankruptcy situation.

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