Popular Furniture Store

Not Disclosed, FL

Not Disclosed.

Asking Price: Annual Revenue:
$1,690,000 $2,109,621

Retail: Home Furniture & Furnishings

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RE: Popular Furniture Store Broker: Mark Purtee

Quick Facts

Asking Price: $1,690,000
Annual Revenue: $2,109,621
Net Profit: Not Disclosed
Cash Flow: $299,766
Total Debt: Not Disclosed
FF&E: $93,672
Real Estate: Not Disclosed
Year Established: 2005
Employees: 4
BBN Listing #: 70724955
Broker Reference #: 1001-14774

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Business Overview:

Popular furniture store located in a large, upscale, community. Offering international brands, which include attractive warranties. The store serves as a showcase for customers to order custom pieces, delivered skillfully to their home. The staff is friendly and well trained to serve customers who appreciate fine quality furniture. As a showcase, the business does not require a large inventory. Actually, a deposit is received with each order, which helps cash flow.

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Property Features and Assets:

The store is well-located in the heart of the busy shopping district. Positioned among malls, restaurants and large retailers. Total Assets Included: $237,460

Market Competition and Expansion:

According to the U.S. Census data released March 2018, the Median Household Income in this area is 9% higher than the average in the U.S. So stores that focus on low price merchandise are not competition for this business. The customer who appreciates the opportunity to personalize the furniture to match their decor, with fine quality products, is concerned with value more than low price. The location near a vast residential area, insures a large array of customers. The demographic of this area is primarily middle to upper market, which matches the products at this store.

Reason for Selling:

Owner wishes to retire.

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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