Premier Northern NJ Furniture & Design Business
Not Disclosed, NJ Not Disclosed
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- RE: Premier Northern NJ Furniture & Design Business
- Contact: Cheryl Venezia
Quick Facts
| Asking Price: | $930,000 | |
| Annual Revenue: | $2,430,921 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $313,860 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $95,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1993 | |
| Employees: | 6 | |
| BBN Listing #: | 936739 | |
| Broker Reference #: | 3407-18143 |
Business Overview:
High Quality and well-established Northern NJ store at new lower price, provided over $300k of cash flow in 2023. Lender pre-qualified, can be purchased with only $93K down. The business has been a staple in a thriving downtown shopping area for over 30 years. Serving home and office needs the store features · Furniture for home and office · Floor coverings, · Lighting and décor. · Custom woodwork and interior design services also available for that special project. · Small gift and décor, including seasonal items, drives foot traffic to the store. · An established online presence Experienced staff serves primarily residential and some commercial customers across the tri-state area. Loyal customers keep coming back for the quality and consistency of products and services offered. A robust website provides online browsing of larger pieces and online shopping for décor and gift items. This business consistently generates more than $2.4m in revenue for the last several years and includes: · 7000 sq ft showroom with dedicated space for interior design services · 2025 sq ft warehouse, nearby for receiving and fulfilling orders. · Over $400k of assets (showroom inventory, store/warehouse furniture and fixtures, delivery vehicles).
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Property Features and Assets:
Retail space of 7,000 sq ft showroom. Warehouse of 2,025 sq ft nearby.
Assets = $440,792
Market Competition and Expansion:
There are very few privately owned stores which provide the quality and level of services offered.
Expand reach through concentrated marketing efforts of online store.
Reason for Selling:
Retirement.
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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