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Connecticut Business For Sale |
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| RECESSION PROOF USED FURNITURE/CONSIGNMENT SHOP |
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| Attn: Dave Larson |
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| Hartford County, CT, USA |
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| Asking Price: |
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$119,900 USD USA Dollars |
| Business for Sale Industry: |
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Retail: Home Furniture & Furnishings |
| Reason for Selling: |
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Retirement |
| Year Established: |
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1993 |
| # of Employees: |
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3 part time |
| Yearly Cash Flow: |
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$75,878 |
| Yearly Gross Income: |
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$315,725 |
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Business for Sale Overview:
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Timely, well established used furniture/consignment shop in affluent suburb. The store displays about 200 pieces of lightly used furniture, lamps, paintings, mirrors and the like. The owner only accepts items in excellent condition, and specializes in famous quality brand names. The quality and excellence of the store’s reputation is attested to by its customer loyalty, in some cases even the second adult generation shops there, those whose parents bought from the store in earlier years.
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Property Features and Assets:
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The business occupies 3,000 square feet in a large shopping center. The lease expires in August of 2008, and has an option to renew for 3 years at $14 square feet NNN. They currently pay $12 square feet NNN. The current owner has not exercised the option and will be on ‘month to month’ until the business is sold. The new owner will have an opportunity to negotiate a satisfactory lease as a condition of buying the business, once a letter of intent is entered into with the business owner. There is an option right for the tenant to add 1,000 square feet of adjacent space. |
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Market Competition and Expansion:
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Competition: There are not known furniture consignment shops in the area, so the store enjoys a uniqueness that draws customers from other surrounding towns and even further.
Growth and Expansion: Behind the back wall of the existing space, there is another 1,000 square feet, now being used as storage space by the landlord from a rear entrance, which could potentially be added to the existing space. The current owner would have done that if he were younger and not looking to retire, as he says the business is there and the additional space would lead to more goods and more sales.
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Additional Details:
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- The property is leased.
- 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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