Furniture Store In Strong Family Residential Area

Business Overview:

This business is a multiple decade old furniture company with a retail storefront in a Portland metropolitan area suburb. The area served has a local population of over 100,000 and has grown by over 20% since 2000. A community comprised of almost 45,000 households with an average size of 2.6 individuals is a perfect environment for selling furniture for the kitchen, family room, or bedrooms. The average household income in the area, which is home to many married couples and families, is over $66,000 annually.

Featuring a business model that has products for a broad spectrum of customers seeking quality and value, the company merchandises its approximately 22,108 square feet of predominantly retail space with a mix of furniture designed to provide options for every level and interior design taste of buyers seeking furniture in the market. The showroom is designed to feature furniture for the living room, family room, dining room, bedroom, and home office. Products are sourced from name manufacturers including a relationship that creates a competitive advantage.

The staff of the business consists of six to eight full & part-time individuals including a store manager and assistant manager. Current ownership provides executive oversight and administrative support for the business, but is not involved in day to day store operations.

The present rent amount for use of the space is $17,454 including triple net charges.

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