Appliance & Furniture Store

Not Disclosed, SD


Asking Price: Annual Revenue:
$290,000 $797,296

Retail: Home Furniture & Furnishings


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RE: Appliance & Furniture Store Broker: Cortney Sells

Quick Facts

Asking Price: $290,000
Annual Revenue: $797,296
Net Profit: Not Disclosed
Cash Flow: $98,210
Total Debt: Not Disclosed
FF&E: $332,000
Real Estate: Not Disclosed
Year Established: 1928
Employees: 5
BBN Listing #: 30834398
Broker Reference #: RET055

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Business Overview:

With a 10,000 square feet showroom located between the 3 largest cities in South Dakota this is a one-stop shop for many of your home furnishing needs. Customers come from a 30-mile radius of the city for quality items at great prices. Owned and operated by the same family since 1928, offering honest and friendly customer service is integral to this company’s operations. The business is turnkey with $300k in Inventory, 5 employees, $33,000 in Equipment and Vehicles along with a full staff in place!

If you were to stop in, the knowledgeable staff could help you buy everything from couches and lamps to refrigerators and mattresses. For those looking to stay in the area for their home shopping needs, there is little competition for business within a 30-mile radius of the city. In addition to individuals looking for home furnishings, there are several health care facilities in the area that purchase flooring, mattresses, and furniture from this business.

Currently family-owned and run, the owners of this company love what they and their family have built. They know and understand the incredible value of their community and strive to meet the needs of their customers. Though their family has built a successful business over the years, growth can be found in meeting the needs of a changing demographic. Increasing reach through advertising is important, but a focus on engaging in social media is equally necessary to reach the younger customer base. Another area for potential growth is to expand the service department to include repairs for a variety of appliances completed by a full-time repair technician.

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:

Equipment & Vehicles: $32,000: Delivery vehicles (2), forklift, rack storage, moving carts, computers Inventory: $300,000 *amounts may vary Intangible Assets: Excellent reputation in the area, many long-term customers, great relationships with large customers, experienced staff.

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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