Established Niche Furniture Store-SE USA

Not Disclosed, SC


Asking Price: Annual Revenue:
$1,275,000 $1,965,438

Retail: Home Furniture & Furnishings


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RE: Established Niche Furniture Store-SE USA Broker: Jesse Stone
Owner Financing is Available!
$1,147,500 down/$127,500 for 120 months @ 7%

Quick Facts

Asking Price: $1,275,000
Annual Revenue: $1,965,438
Net Profit: Not Disclosed
Cash Flow: $395,964
Total Debt: Not Disclosed
FF&E: $34,050
Real Estate: Not Disclosed
Year Established: 1977
Employees: 11
BBN Listing #: 75304955
Broker Reference #: 1207-14383

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Business Overview:

Great opportunity to own a very well established, niche furniture store, that caters to a sophisticated clientele. This business is located in a great geographical location and is able to easily service a three state area. The building is neat and attractive both inside and out.
The business is listed for sale at $1,275,000 plus inventory (estimated at $350,000).
The Company is on a 6/30 fiscal year end. The financials for the 2016 tax return represent the period 7/1/16 to 6/30/17. The 2017 tax return (for the period 7/1/17 to 6/30/18) will be filed and available shortly.

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Property Features and Assets:

Centrally located 29,750 square feet facility. Easy access to major city as well as 3 interstate systems. The Real Estate is available for sale for $1,500,000. The sellers discretionary earnings includes a $96,000 charge for rent. The cash flow available to a buyer on the business and the Real Estate would be $490,441. Assets= $34,050

Market Competition and Expansion:

This company has limited competition in the local and extended market. Their selection and name draws clients from states away. The unique niche company has numerous ways to expand its revenue and profit. A robust marketing plan could bring this company into the 21st century. They thrive off of repeat business. Expansion geographically and/or digitally could catapult revenue during the first 12-24 months of ownership.

Reason for Selling:

Owners are 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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