Business For Sale

Home Furnishings Store with 200K Cash Flow

Omaha, NE
Sarpy County


Asking Price: Annual Revenue:
$590,000 $915,438

Retail: Home Furniture & Furnishings


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RE: Home Furnishings Store with 200K Cash Flow Broker: Cortney Sells
Owner Financing is Available!
10% of purchase price.

Quick Facts

Asking Price: $590,000
Annual Revenue: $915,438
Net Profit: Not Disclosed
Cash Flow: $213,331
Total Debt: Not Disclosed
FF&E: $28,500
Real Estate: Not Disclosed
Year Established: 2001
Employees: 3
BBN Listing #: 357834398
Broker Reference #: RET042

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Business Overview:

Located just off a busy metro Omaha intersection, this home furnishings store grosses $915,000 and has potential for passive ownership. Since 2014, the seller has seen a 17% increase in cash flow and a profit margin of 23%. Currently, the seller works in the store overseeing day-to-day operations, but has expressed that one of the salesmen would be ideal to take over a managerial position. For a passive owner, this would be the best route to lower involvement in the store.

Housed in an 8,000-sq. ft. standalone building, the surrounding neighborhoods are part of a growing area in the Omaha metro. Including a showroom, the building houses $50,000 in inventory that is marked up between 50% and 75%. In addition to the inventory, included in the purchase is $28,500 in assets comprised of a forklift, dolly and a trailer for large deliveries.

Employees include 2 part-time Salesmen that are paid on commission only, 1 part-time Marketing Manager, and several 1099-contracted deliverymen. The deliverymen are also in charge of installation and maintenance of products.

A 10% down payment of $59,000 would return $119,410 after debts during the first year. This represents a 202% return on investment.

Business Information
Years in Business: 16
Location and Service Area: Omaha Metro
Demographics: Located near a busy section in a growing area; standalone building; daily traffic of around 24,000 cars
Building: 8,000 square feet leased for $6,600/month
Reason for Selling: Retirement and elderly father
Employees: 2 Part Time Floor Salesmen, 1 Part Time Marketing Manager, several 1099-contracted deliverymen
Hours: Mon – Wed 10am to 6pm, Thurs – Sat 10am to 5pm
Seller Training Period: 90 days
Growth Opportunities: Home shows, fairs, add more product SKU’s
Current Owner’s Responsibilities: Works in the store 5 – 6 days per week – one of the salesmen has expressed interest in management, and the seller would suggest a promotion for a buyer looking to be more absentee

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Property Features and Assets:

Assets Included in Purchase: $80,500 Equipment: $28,500 – forklift, dolly, trailer Intangible Assets: Recognition and reputation, website, social media accounts Inventory: $50,000 – marked up 50% to 75% *amounts may vary Demographics: Located near a busy section in a growing area; standalone building; daily traffic of around 24,000 cars Building: 8,000 square feet leased for $6,600/month.

Market Competition and Expansion:

Growth Opportunities: Home shows, fairs, add more product SKU’s.

Reason for Selling:

Retirement and elderly father.

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.

Documents:

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