Legacy Furniture and Home Furnishings Store

Not Disclosed, MN


Asking Price: Annual Revenue:
$599,000 $2,946,000

Retail: Home Furniture & Furnishings


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RE: Legacy Furniture and Home Furnishings Store Broker: Robert Warrick

Quick Facts

Asking Price: $599,000
Annual Revenue: $2,946,000
Net Profit: Not Disclosed
Cash Flow: $257,618
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: $1,900,000
Year Established: 1969
Employees: 15
BBN Listing #: 313728483
Broker Reference #: 11431 RW

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Business Overview:

Make an offer, owners want to retire!  The business is listed at $599,000 for decades long legacy Furniture and Home Furnishings Store located in the Twin Cities. 2021 sales were $3,000,000 million, adjusted net income $257,000!  A Buyer will also assume around $1,000,000 in pending orders being shipped from factories!

Bonus - $1,900,000 for 30,000 sq ft of Commercial Real Estate.

Decades of happy customers, great prices and top-notch service professionals with many years of experience. Strong growth projected in 2022, long standing partnerships with high quality manufacturers. Showroom well-appointed and showcased with latest product selection. Perfect for a buyer looking to expand or investor looking to learn as an owner/operator. It's located on a high traffic road with easy access and ample parking. Inventory NOT included in sales price. Real estate is clean, well maintained and is included in the overall offering, however, can be sold separately. 30,000 sq ft retail, warehouse space which is fully utilized. Possible opportunity for new owner to reconfigure to multiple tenant facility. Serious Inquires Only, Buyer must have financial capacity. Contact Robert Warrick.

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Reason for Selling:

Retiring

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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