New Home Furniture Retail

Not Disclosed, MN


Asking Price: Annual Revenue:
$375,000 $608,645

Retail: Home Furniture & Furnishings


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RE: New Home Furniture Retail Broker: David LaVoi

Quick Facts

Asking Price: $375,000
Annual Revenue: $608,645
Net Profit: Not Disclosed
Cash Flow: $169,305
Total Debt: Not Disclosed
FF&E: $6,515
Real Estate: Not Disclosed
Year Established: 1981
Employees: 2
BBN Listing #: 13304955
Broker Reference #: 5101-16336

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Business Overview:

This well established furniture store started in 1981 selling both new and used furniture. Today, they still sell new and used furniture and have survived this long due to the superior customer service. Bedding has been added and a variety of other unique items are also found onsite. This is a owner operated business and the owner also has some mechanical abilities to fix and repair items. There are two part time workers that would likely stay on if needed. The business is open M-F 9-5 and Saturday 9-3.

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Property Features and Assets:

This 21,000 square feet building was built in the mid 1950's and was expanded in 2000 to include rental area and more sales area. The furniture store occupies approximately 11,000 square feet. There is room for more inventory as not all the floor space is being utilized. Assets = $201,260.

Market Competition and Expansion:

There is plenty of competition in the area. The community has a variety of stores from the big box stores to smaller operations. The customers come over and over from over 30 miles away because of the superior customer service! This a very dynamic furniture store with a lot of potential for growth. A more comprehensive marketing plan with enhanced inventory are just a couple ideas for a growth campaign.

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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