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Business For Sale
RETAIL FURNITURE STORE, WITH REAL ESTATE INCLUDED
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Asking Price: |
$895,000
USD USA Dollars
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Business for Sale Industry: |
Retail: Home Furniture & Furnishings
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Reason for Selling:
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Relocation |
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# of Employees:
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2 Full Time / 5 Part Time |
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Yearly Revenues:
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$1,000,000 |
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Yearly Cash Flow:
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$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 resale opportunity.
- This is not a distressed business or bankruptcy situation.
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