Legacy NYC Home Goods Store - 90% Financing

Relocatable, NY New York County

Asking Price: $2,900,000

Annual Revenue: $4,282,155

Retail: Home Furniture & Furnishings

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Legacy NYC Home Goods Store - 90% Financing

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RE: Legacy NYC Home Goods Store - 90% Financing
Contact: Eric Straus

Owner Financing is Available!

Owner Terms: $2,610,000.00 Interest: 10% Term Months: 60 Monthly Payment: $55,454.79

Quick Facts

	Asking Price:	$2,900,000
	Annual Revenue:	$4,282,155
	Net Profit:	Not Disclosed
	Cash Flow:	$892,569
	Total Debt:	Not Disclosed
	FF&E:	100,000
	Real Estate:	Not Disclosed
	Year Established:	1963
	Employees:	9
	BBN Listing #:	364435879
	Broker Reference #:	6842-460176

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Business Overview:

Legacy NYC Home Goods Store - 90% Financing to Qualified Buyer

Famous Name Home Goods Store with great reputation on Upper East Side! What began as a hardware store in 1963 today remains independently owned and focused on the areas they know best — the finest luxury bed and bath linens, designer lighting, table linens, fragrances, and decorative accessories — along with a unique assortment of furniture and paper goods. The Company's largest direct competitor is Bloomingdales, followed by certain other small boutiques. The biggest growth opportunities include sales training for the staff to increase customer conversion as well as an expansion of the company’s presence online. In addition to purchase price, buyer to acquire salable inventory of approximately $3,365,848.

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Property Features and Assets:

Facilities:Ground floor storefront with portion of basement

Reason for Selling:

Other business interests.

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

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