Furniture/Design Stores-Possible Partnership

Not Disclosed, NY
New York County


Asking Price: Annual Revenue:
$3,999,000 $9,149,481

Retail: Home Furniture & Furnishings


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RE: Furniture/Design Stores-Possible Partnership Broker: Bob Dunphy
Owner Financing is Available!
$400,000.00

Quick Facts

Asking Price: $3,999,000
Annual Revenue: $9,149,481
Net Profit: Not Disclosed
Cash Flow: $1,061,936
Total Debt: Not Disclosed
FF&E: $15,000
Real Estate: Not Disclosed
Year Established: 1988
Employees: 15
BBN Listing #: 793835879
Broker Reference #: 6842-974147

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Business Overview:

The brand and manufacturing company sold exclusively in these stores is privately owned since launching 150 years ago. Artistic design, contemporary style and quality manufacturing are key components which is why they work with highly respected, furniture designers. These collaborations produce furniture collections and complementary decorative accessories, including lighting, rugs, textiles, occasional items and more, that enable discerning consumers to create bold, beautiful and cutting edge living spaces in tune with their lifestyle.

These two stores are the exclusive Manhattan dealerships for the brand. They are in prime retail locations in fashionable, upscale neighborhoods.

Since acquiring the stores in 2010, this owner has consistently produced $9-10 million in revenue and solid profit margins. Recently, they have developed an Interior Design department and a Contract Division. These two areas are creating additional revenue and there are many large contract and design projects in the pipeline for 2019 and 2020.

Product sales come through retail sales and client/designer relationships. They sell to consumers, contract clients (hospitality, condominium common areas, restaurants) and to the trade (designers, architects, developers, etc.).

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.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is not 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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