Established Niche Furniture Store - SE USA

Not Disclosed, SC

Asking Price: Annual Revenue:
$990,000 $2,892,118

Retail: Home Furniture & Furnishings

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RE: Established Niche Furniture Store - SE USA Broker: Jesse Stone
Owner Financing is Available!
$99,000 down/$99,000 over 120 mos. @ 7%/Other Financing.

Quick Facts

Asking Price: $990,000
Annual Revenue: $2,892,118
Net Profit: Not Disclosed
Cash Flow: $517,271
Total Debt: Not Disclosed
FF&E: $70,000
Real Estate: Not Disclosed
Year Established: 1977
Employees: 11
BBN Listing #: 16854955
Broker Reference #: 1207-14383

Email or Print Listing

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Business Overview:

Great opportunity to own a very well established, niche furniture store, that caters to a sophisticated clientele. This business is located in a great geographical location and is able to easily service a three state area. The building is neat and attractive both inside and out.

The $990,000 price does not include inventory as inventory fluctuates depending on the timing of the season and the amount of sales that are custom ordered at any point in time. The inventory value at closing will be added to the price.

The Company is on a 6/30 fiscal year end. The financials for the 2020 tax return represent the period 7/1/20 to 6/30/21.

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Property Features and Assets:

Centrally located 29,750 sq ft. facility. Easy access to major city as well as 3 interstate systems. The Real Estate is available for sale for $1,900,000. The sellers discretionary earnings includes a $144,000 charge for rent. The building also has 2 retail locations that rent for $1,450 per month each adding additional cash flow to go towards purchase of the real estate. The cash flow available to a buyer on the business and the Real Estate would be $629,405. Assets = $70,000.

Market Competition and Expansion:

This company has limited competition in the local and extended market. Their selection and name draws clients from states away. The unique niche company has numerous ways to expand its revenue and profit. A robust marketing plan could bring this company into the 21st century. They thrive off of repeat business. Expansion geographically and/or digitally could catapult revenue during the first 12-24 months of ownership.

Reason for Selling:

Owners are retiring.

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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