Priced to Sell - Profitable Furniture Store

Not Disclosed, NC

Asking Price: Annual Revenue:
$575,000 $1,894,316

Retail: Home Furniture & Furnishings

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RE: Priced to Sell - Profitable Furniture Store Broker: Tony/Jarma Khoury
Owner Financing is Available!

Quick Facts

Asking Price: $575,000
Annual Revenue: $1,894,316
Net Profit: Not Disclosed
Cash Flow: $290,540
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:

Generating sales of over $2.3 million in 2021, this business was created in 2006 as a small company being part of a larger buying group. Over the course of four years, revenue grew, as did wholesale buying power. In 2010, customer demand increased to the point that this business began importing containers straight from the distributors. And while 2022 P&L reflected a drop in gross revenue to $1.9M, SDE (seller's discretionary earnings) actually increased to nearly

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.

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Property Features and Assets:

Standalone 50,000 sq.ft. 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.

Market Competition and Expansion:

There are 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.

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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