Business For Sale

Furniture Dealer with 6M+ in Sales

Kansas City, MO
Clay County


Asking Price: Annual Revenue:
$1,775,000 $6,399,583

Retail: Home Furniture & Furnishings


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RE: Furniture Dealer with 6M+ in Sales Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $1,775,000 12.5% Buyer Down Payment: $221,875 12.5% Seller Financing: $221,875 75% Bank Loan: $1,331,250 A 12.5% down payment of $221,875 returns $287,810 in the first year after debt payments.

Quick Facts

Asking Price: $1,775,000
Annual Revenue: $6,399,583
Net Profit: Not Disclosed
Cash Flow: $547,381
Total Debt: Not Disclosed
FF&E: $22,840
Real Estate: Not Disclosed
Year Established: 2005
Employees: 8
BBN Listing #: 403834398
Broker Reference #: RET051

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Business Overview:

Strong contracts in place and no inventory to manage have allowed this office furniture dealer to steadily grow year after year. Gross sales increased by 32% between 2015 and 2016, and 2017 is expected to grow an additional 13% to 6.4M! With an edge in healthcare-based office solutions, the company has furbished many hospitals in Kansas and Missouri. Even so, they are growing in demand for educational organizations and corporate offices.

A successful sales team is in place and has helped the company expand into areas outside of Kansas City. Utilizing TeamDesign software, sales personnel are able to work in the office or remotely. While the sales team handles much of the design and space planning aspects, there is a full-time Designer on staff to ensure layout and design are accurate and suitable.

Growth exists in increasing Project Management services. The seller has seen an increase in consultations for clients’ project managing needs, and continuing to market this service should produce a nice revenue stream. Also, as corporate clients are becoming a larger part of sales, seeking out these customers is another path to consider.

In operation for 13 years, this company continues to grow every year, and has built a great reputation with great results. This is a wonderful chance to take an already successful company to the next level!

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Property Features and Assets:

Building: 4,500-square feet for office space and showroom Assets Included in Purchase: $350,347 Equipment: $22,840 – software (AutoCAD, 2020, TeamDesign), furniture, fixtures Intangible Assets: Great reputation, great results, ongoing contracts A/R: $1,142,810 WIP: $128,125 Customer Deposits: $465,739 *amounts may vary

Market Competition and Expansion:

Service Area: 70% in Kansas City / 30% in Northeastern Kansas. Occasionally, some work in rural Missouri healthcare. Client Demographics: 50% Healthcare-based, 30% Education, 20% Corporate Grow corporate clients. Increase Project Management services/consulting.

Reason for Selling:

Retirement

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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