Antiques and Home Decorating Business

West Palm Beach, FL
Palm Beach County


Asking Price: Annual Revenue:
$650,000 $200,357

Retail: Home Furniture & Furnishings


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RE: Antiques and Home Decorating Business Broker: Eduardo Sosa

Quick Facts

Asking Price: $650,000
Annual Revenue: $200,357
Net Profit: Not Disclosed
Cash Flow: $96,473
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: 3
BBN Listing #: 201555238
Broker Reference #: 42738090

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Business Overview:

Longstanding and well-known antiques and home decorating business located in the heart of the Antique Row district of West Palm Beach - offering convenient proximity to clientele on Palm Beach island and beyond. With two showroom locations situated within a mile of each other, this unique and successful business offers predominantly Italian-style antique furniture, home decorations and fine home accessories dating from the 18th century through today. The company also offers antique restoration, specializing in gilting and refinishing in classic and contemporary Italianate styles. The showrooms also serve as headquarters for an interior decorating business; the owner is also a renowned decorator, with a global clientele and following that has included celebrities, heads of state, ambassadors, and other high net-worth families and individuals based locally as well as throughout Europe and South America. The business has been located in West Palm Beach since 2014. Prior to the current locations the owner operated antique furniture and design businesses in Argentina and Italy, and still sources products from those countries.

The company's two store locations, which are generally open daytime hours and by appointment, employ expert contract staff as needed for the restoration of antiques. The owner sources, sells and occasionally ships merchandise from the store locations. In addition to the existing clientele, the business enjoys substantial walk-in traffic, benefiting from the Antique Row location. The first store location is approximately 1200 square feet, and the second location is 3600 square feet and includes a renovated kitchen in the rear of the showroom. Through its current owner, the business also provides premium interior decorating services to wealthy clientele; these engagements drive incremental sales of fine antique merchandise. After 35+ years in the business, the owner is planning to transition to retirement and is willing to train a person or team who wishes to acquire this profitable business. The owner will provide her entire client list with personal introductions during the transition period; she will also provide and introduce her network of fine antique dealers and decorators to a successor who has the skills and/or desire to operate this business. The primary revenue source is resale and restoration of fine antiques and home decor; the continuation of interior decorating services is not a requirement, but is a natural fit, especially for someone with such a background. Financials reflect only sales of antique merchandise (no services revenue included).

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Reason for Selling:

Retirement

Additional Details:

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

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