Furniture Consignment Business

Not Disclosed, CO
Denver County

Denver Metro Area


Asking Price: Annual Revenue:
$1,100,000 $1,851,449

Retail: Home Furniture & Furnishings


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RE: Furniture Consignment Business Broker: Kevin Waide

Quick Facts

Asking Price: $1,100,000
Annual Revenue: $1,851,449
Net Profit: Not Disclosed
Cash Flow: $414,198
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2003
Employees: 5
BBN Listing #: 2623708
Broker Reference #: 5538

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Business Overview:

Consigned furniture has become a very popular option for discriminating buyers and interior designers as well as the general public looking for unique, one-of-a kind items at greatly reduced prices. This renown store has the reputation of carrying top-of-the-line, gently used furniture and accessories. Brands include merchandise from high end furniture manufacturers. All of their décor items including lamps, artwork, mirrors and more are new and current. With the large, growing clientele they serve, inventory turns quickly which drives a sense of urgency for customers to purchase items today. Because they are very particular about the quality and condition of the consigned items they accept, they attract a broad range of customers, many of which visit the store on a regular basis. Much of their growth is attributable to referrals and word of mouth from current and past customers. The majority of items they consign have a very short in-store life. Furniture and accessories are displayed in a “high end designer showroom” fashion. This business only requires a very modest amount of capital outlay for inventory in relation to their total sales. Competition is limited due to the exceptional quality and condition of the merchandise they carry. Sales for first quarter, 2022 are up 37% over the same period in 2021. Given the trajectory this business is on, furniture prices escalating and supply chain issues, time is of the essence for a qualified buyer. This is an SBA financeable, turn key opportunity that has exciting growth potential.

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Property Features and Assets:

The Company is located on an ideal corner location that receives great visual exposure from a heavily trafficked major roadway. The facility is minutes away from a major highway and the shopping center is shared by other high traffic establishments.

Market Competition and Expansion:

While many businesses close their doors every day, resale remains healthy and continues to be one of the fastest growing segments of retail. With new stores entering the industry and current establishments opening additional locations, the industry has experienced a growth-in number of stores-of approximately 7% a year for the past two years. This percentage reflects the estimated number of new stores opening each year minus the businesses that close. There are currently more than 25,000 resale, consignment and Not For Profit resale shops in the United States.

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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