Furniture Store Located in Eastern North Carolina

Not Disclosed, NC

Asking Price: Annual Revenue:
$575,000 $2,337,856

Retail: Home Furniture & Furnishings

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RE: Furniture Store Located in Eastern North Carolina Broker: Tony/Jarma Khoury
Owner Financing is Available!

Quick Facts

Asking Price: $575,000
Annual Revenue: $2,337,856
Net Profit: Not Disclosed
Cash Flow: $199,124
Total Debt: Not Disclosed
FF&E: $15,000
Real Estate: Not Disclosed
Year Established: 2006
Employees: 9
BBN Listing #: 263658201
Broker Reference #: 13485-692641

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Business Overview:

With 2021 sales of over $2.3 million, this is the perfect business for an owner-operator who wants to control their own destiny. Seller is willing to provide up to 20% seller-financing to qualified buyers.

Sales are approximately 75% furniture and 25% a mix of mattresses, rugs and other accessories.

Located in a growing North Carolina community, this business maintains a loyal and repeat customer base.

Originally created in 2006 as part of a larger wholesale buying group, this business grew to the point that in 2010, it began importing containers straight from the distributors. This business then expanded year over year from that moment forward, increasing gross revenue and profitability each and every year.

Other local furniture retailers, as well as some online competition.
Definitely potential in serving a wider radius and could benefit from additional social media and community engagement.

Standalone 50,000 square feet building, of which 30,000 will be leased to the new buyer. Additional space can be leased upon request. Building is located on a high-traffic road in this growing Eastern NC community.

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Reason for Selling:

Other ventures.

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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