Premier Furniture Consignment & Home Decor Retail

Not Disclosed, FL
Hillsborough County


Asking Price: Annual Revenue:
Not Disclosed $1,450,000

Retail: Consignment, Pawn Shop, Thrift Stores


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RE: Premier Furniture Consignment & Home Decor Retail Broker: Anthony Blair

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $1,450,000
Net Profit: Not Disclosed
Cash Flow: $302,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2006
Employees: 14
BBN Listing #: 390835435
Broker Reference #: GE 62746

Email or Print Listing

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Business Overview:

Founded in 2006, this furniture consignment and home décor retail store is located in Hillsborough County, Florida. The Company’s inventory consists primarily of consignment items, but also includes many pieces from model homes and retail furniture store close-outs. Furniture and décor is priced up to 90% off retail and offers a tremendous value to customers, whatever their budget. All consignment items are sold on a 50/50 split, with an average of three weeks to sell. In 2017, revenue was derived from furniture and home décor sales (96.3%), delivery services (3.4%), and repair/clean fees (0.3%).

The Company has no direct consignment competitor within 30 miles, and the nearest competitor retail furniture stores are 20 miles away. The Company’s success is attributed to numerous factors. For consignors, the Company offers free pick-up service, no consignment fee, hassle-free consignment contract, and monthly automatic payment. The Company has built a strong reputation with consignors and customers for fairness and honesty, and superior service, boasting a 4.5 Google Star Rating out of 139 reviews posted.

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Market Competition and Expansion:

The Company's pick up service for furniture is booked 8-16 weeks in advance. The single retail location is not large enough to keep up with consignor demand, and the average sale time for consigned items is three weeks, indicating strong demand from customers too. Due to the high demand of furniture resale, the Company would benefit from multiple locations and additional trucks and drivers. -- Diversified Customer Base: No single customer accounted for more than 1% of revenue during the historical period. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account.

Reason for Selling:

Discuss with the seller.

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.

Documents:

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