Specialty Order Furniture Store, $11m Revenue,

Not Disclosed, OH Cuyahoga County

Ohio

Asking Price: $5,000,000

Annual Revenue: $11,334,183

Retail: Home Furniture & Furnishings

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Specialty Order Furniture Store, $11m Revenue,

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RE: Specialty Order Furniture Store, $11m Revenue,
Contact: John McCleary

Quick Facts

	Asking Price:	$5,000,000
	Annual Revenue:	$11,334,183
	Net Profit:	Not Disclosed
	Cash Flow:	$1,627,577
	Total Debt:	Not Disclosed
	FF&E:	Not Disclosed
	Real Estate:	$6,500,000
	Year Established:	1965
	Employees:	30
	BBN Listing #:	946325
	Broker Reference #:	Not Disclosed

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Business Overview:

The asking price for the business is $5m, but includes $6.5m worth of real estate, for a total package of $11.5m. This is a high-end, specialty-order furniture store with two locations and a warehouse for storage. One store is leased, while the other store and warehouse are owned by the seller and available for purchase. The seller is flexible in the structure of the deal and is willing to allocate any amount of the purchase price to each asset to fulfill potential lending requirements.

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Property Features and Assets:

Two properties are for sale. One is a 40,000 square feet storefront. The fair market value is approximately $3.75m. The other property for sale is a 65,000 square feet warehouse. The fair market value is approximately $2.75m.

Market Competition and Expansion:

While there are other furniture stores in the area, most do not cater to wealthier clientele like this business. 90% of their orders are specialty-orders, meaning customers have more options to choose from than just what is on the showroom floor.

An aggressive buyer could plan to open new locations.

Reason for Selling:

Retiring

Additional Details:

The property is owned.
The owner is willing to train/assist the new owner.
This is not homebased business opportunity.
This is not a franchise resale opportunity

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