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Quick Facts
Asking Price: | $1,450,000 | |
Annual Revenue: | $1,145,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $225,000 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | $1,200,000 | |
Year Established: | 1832 | |
Employees: | 6 | |
BBN Listing #: | 17615383 | |
Broker Reference #: | 416 |
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Business Overview:
Profitable main street business with growth potential!
This established and profitable business is thought to be the oldest operating retail furniture store in America. Current owner purchased the business 43 years ago and is ready to retire. The store specializes in exceptional quality, solid wood American made furniture, leather sofas and recliners. The store is merchandised for an affluent audience. The quality of the furniture is evident as you walk through the showroom and browse the impressive bedroom, dining room and living room furnishings. Custom orders are a significant part of the business. Customers can choose from a wide range of wood and stain options coupled with a range of fabric and leather finishes.
The showroom is very well organized and provides customers with a comfortable shopping environment. Furniture is displayed by room type. Each room is accented with beautiful clocks, curios, lamps, pictures, and other accessories which are all available for purchase.
Purchase price includes the property!
Please Note: All information furnished is provided by seller or based on representations of the seller or other sources. Squizzero, Carp & Associates has made no investigation of it and makes no representation or warranty as to the accuracy of the Information. All recipients are encouraged to perform due diligence and consult with independent tax, financial and legal professionals.
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Property Features and Assets:
The business operates out of a 10,650 /- square foot building (gross area) on just over a half-acre of land. The property is included in the purchase price. Warehouse & showroom both operate from the same location. The physical facility is efficient to operate. With the attached warehouse, minimal effort is needed to move goods on and off the floor. A single warehouseman can receive goods, prep deliveries and move goods as needed. There is a loading dock for deliveries and a customer parking lot in the rear of the building.
Reason for Selling:
Retiring
Additional Details:
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