Seller's Contact Information
- RE: Multiple Decade Old Furniture Store Location
- Contact: Gregory Kovsky
Quick Facts
Asking Price: | $550,000 | |
Annual Revenue: | $1,900,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 943590 | |
Broker Reference #: | FST2024 |
Business Overview:
This business is a multiple decade old furniture company with a retail storefront in the capital city of Washington, Olympia. Olympia, with a city limit population of approximately 56,000 people is Washington’s twenty-fourth largest city. The population in the community has grown by over 15% since the last census in 2010. A community comprised of almost 25,000 households with an average size of 2.21 individuals, Olympia, is a perfect environment for selling furniture for the kitchen, family room, or bedrooms given the strong stability in the income of the local workforce, which has government and healthcare as major employers. The average household income in the area, which is home to many married couples and families, is approximately $63,000 annually. Featuring a business model that has products for a broad spectrum of customers seeking quality and value, the company merchandises its approximately 12,859 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.
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Property Features and Assets:
The present rent amount for use of the space is $7,543.34 including $1,543 of triple net charges. Ownership has conveyed that the ability to extend the lease long term exists.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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