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RE:  Profitable & Organized Furniture Store Contact:  Ray Canoy

Quick Facts

Asking Price: $399,000
Annual Revenue: Not Disclosed
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 #: 318451612
Broker Reference #: 7773-233852

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Business Overview:

The current owner has other pressing business responsibilities that are requiring his attention. This business offers higher profit margins than are typically found in this industry. Competition for this model is not available in this trade area. The store draws from the Research Triangle Area and surrounding areas of North Carolina. This is a store that sells new furniture and whether you have furniture experience or not you will quickly see this model is different. This is a business. ALL REASONABLE OFFERS WILL BE CONSIDERED. Inventory and a 20ft. box truck would be included with full asking price.
Selling Price = $399,000

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Property Features and Assets:

Markets: The market area is very strong. Trends for real estate are strong. According to the fastest growing TOWNS in North Carolina 7 of these towns are in the trade area for this furniture store (1. Rolesville, 4.Morrisville, 5.Holly Springs, 7. Wake Forest, 8. Mebane, 9.Knightdale, and 10. Apex). Cary, NC is the fourth fastest growing CITY in America. Again, all of these towns and city are in the immediate trade area for this furniture store.

Market Competition and Expansion:

Strengths: • Sustained population growth in this area to feed the retail furniture industry • Well organized. You buy a system that is unique in this area (a business not just a furniture store) • The seller is willing to train for a reasonable period of time. Company Facilities: Great location for this type of business. For $399,000 price 2 well maintained box trucks are included.. Leased Approximately 8,400 square feet for showroom and approximately 1,700 square feet for storage.

Reason for Selling:

Other interests

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

Relevant Links:

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