Successful NYC Home Goods Store-Seller Financing

New York, NY
New York County

Asking Price: Annual Revenue:
$2,900,000 $5,151,081

Retail: Home Furniture & Furnishings

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RE: Successful NYC Home Goods Store-Seller Financing Broker: Eric Straus
Owner Financing is Available!
Owner Financing Terms $1,900,000.00 Owner Financing Interest 10% Owner Financing Terms Months 60 Owner Financing Monthly Payment $40,369.38

Quick Facts

Asking Price: $2,900,000
Annual Revenue: $5,151,081
Net Profit: Not Disclosed
Cash Flow: $1,064,727
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:

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.

Ground floor storefront with portion of basement

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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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

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