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Business For Sale

Upscale Retail Furnishing & Accessories

Richmond, VA

Retail: Home Furniture & Furnishings

Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$530,000
$1,050,000
Not Disclosed
$115,000
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
$75,000
Not Disclosed
2000
3
367134178
Owner Financing is Available!
Seller will consider some financing for qualified buyer.

Business Overview:

This is a well established, successful and profitable upscale furniture retailer. They sell primarily upholstered sofas, chairs, loveseats, sectionals, and some accessories, by placing orders from the floor samples. All sales are special orders, and are delivered to the customer within 4-6 weeks. The company offers furniture only from leading, highly respected manufacturers, including Rowe, Braston-Culler, Pallister, England, Four Seasons, and Lancer. The business operates on a low advertising budget, consisting primarily of newspaper, special promotions, and closeouts; also internet and yellowbook.com. Most sales come from repeat customers, walk-in traffic, and word of mouth.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

Building is 5,300 Sq. Ft. of retail space in great location - heavily trafficked area of West Broad. Plenty of near door parking; great visibility from street; building in near new condition. Training: Seller will stay on as required to provide successful transition. Inventory of $61,500 is included in the asking price.

Market Competition and Expansion:

There are other retail furnishing stores in the general vicinity, though none with with breadth and scope of manufacturers that this store has. Also, great prime location. The business has grown and expanded nicely over the past 7-8 years primarily by providing outstanding customer service. One aspect of this is the program of attracting loyal interior decorators to generate sales by offering them a 10% commission of the sale upon full payment of their customer. Further incentives to the interior decorator community could expand sales to their customers.

Reason for Selling:

Relocation.

Additional Details:

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

Resources: