Thriving Home Furnishings & Consignment Store

Business Overview:

Are you passionate about quality home furnishings and seeking a remarkable opportunity to own a successful business in the vibrant world of selling estate furniture? Look no further! We are thrilled to present an exceptional estate furniture business now available for sale.

This local furniture business has operated since 1986 and has developed a reputation for offering customers high-quality, unique, and authentic home furnishings. The company prides itself on its extensive collection, which includes a wide range of furniture styles, periods, and origins. They have positioned themselves as a trusted source for estate furniture, catering to customers who appreciate these pieces' historical value and craftsmanship.

One of the company's key strengths is its ability to source rare and valuable furnishing. The business has established strong relationships with retirement communities, elder care facilities, estate sale companies, auction houses, and other furniture dealers, allowing them to access various sought-after pieces.

For over two decades, they have developed an extensive database of over 10,000 sold pieces to assist with understanding the market value of the pieces they buy and sell. In addition, they maintain a database of 4,700 buyers searching for specific pieces; this gives them the advantage of knowing what products are currently in demand. Products only sit in the showroom for a short time!

With its established presence in the local market, strong relationships, commitment to authenticity, and customer service, this business is well-positioned to capitalize on the increasing demand for one-of-a-kind furniture. By implementing a comprehensive marketing strategy and expanding its online presence, the company is positioned to grow further and become the region's leading destination for estate furniture enthusiasts.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Their spacious and inviting 9,000 square feet showroom offers an unforgettable shopping experience, attracting passionate collectors and casual enthusiasts alike. Assets = $72,000

Market Competition and Expansion:

The estate furniture market has experienced steady growth over the past years, driven by the increasing demand for vintage and unique furniture pieces among individual customers and interior design professionals. Maryland's Used Goods Stores industry is expected to grow an annualized 7.1% to $611.6 million over the five years to 2022, while the national industry will likely grow at 4.6% during the same period. Industry establishments increased an annualized 1.7% to 1,528 locations. Industry employment has increased an annualized 3.3% to 6,803 workers, while industry wages have increased an annualized 9.3% to $153.5 million. (IBISWorld, August 2022) Opportunities for Growth: Expansion: The business has significant potential for growth, with the option to increase showroom space or open additional locations in neighboring areas E-commerce Enhancement: Further capitalize on the growing trend of online shopping by expanding the online store, offering worldwide shipping, and participating in popular e-commerce platforms. Collaborations: Forge strategic partnerships with local interior designers, antique dealers, and event planners to attract a broader customer base and establish a strong network within the industry. Marketing Initiatives: Implement and grow targeted marketing campaigns, such as email newsletters, social media promotions, and trade show participation, to raise brand awareness and attract new customers.

Reason for Selling:

Retirement.

Additional Details:

Relevant Links:

• View more Maryland businesses for sale
• View more Businesses For Sale in the same industry
• Sell a business online
• Find a business broker