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RE:  Independent Furniture Retail In SE South Dakota Contact:  Josh Grode Wolters
Owner Financing is Available!
$80,000 down/$80,000 over 84 months @ 6%/Other Financing.

Quick Facts

Asking Price: $800,000
Annual Revenue: $1,196,792
Net Profit: Not Disclosed
Cash Flow: $179,967
Total Debt: Not Disclosed
FF&E: 95,500
Real Estate: Not Disclosed
Year Established: 1928
Employees: 3
BBN Listing #: 65444955
Broker Reference #: 5401-17200

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Business Overview:

This furniture store has been a staple in the community for decades. There are both long-time, loyal customers and new younger customers that appreciate the new, more modern look of the store. The store has nice, newer inventory. The store retails furniture, appliances, and flooring.

Offers design and consultation services for bedroom, living room, dining room and office areas. The store offers delivery and installation of their products.

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Property Features and Assets:

The facility has a total of 12,000 square feet of space, which includes 8,400 square feet of showroom with a small office and 3,600 square feet of warehouse space with a mezzanine on both sides for additional storage upstairs. A very large lot has plenty of room for expansion. There are a couple options available to a buyer for the real estate. In addition to a typical lease, half of the 4 acre lot could be sold, or a buyer could purchase the entire property for expansion or investment. There is a current tenant on the premises. There is paved customer parking and a large gravel lot for deliveries, truck turnaround, and staging. Assets = $400,017

Market Competition and Expansion:

Geographically, the location serves many small towns. There is no direct competition within 35 miles. Expanded hours and a modernized store have resulted in fewer of the competitor's delivery trucks in the area. Adding appliance repair would be a fast way to grow the store's annual revenues. A mechanically skilled employee could install and service appliances and upsell other products while in the home. Window coverings could be added to the product selection. Working with more construction contractors and/or multi-unit housing owners would open doors to additional flooring and appliance sales. New construction flooring and appliance customers regularly come back for furniture once the home is completed. There are currently two bulk appliance and furniture clients with certain furniture lines for these customers. There is potential for more of these types of relationships. The store has the potential to be a destination location to draw additional customers from larger cities and hour or even more away. Customers rave about the personal shopping experience they get in a small-town store. More locations could be added under the same brand.

Reason for Selling:

Owners have found a new passion to pursue.

Additional Details:

  • The property is Leased.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

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