Seller's Contact Information
- RE: Well Established Portland Suburb Furniture Store
- Contact: Stephen Cohen
Quick Facts
Asking Price: | $550,000 | |
Annual Revenue: | $2,000,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 943592 | |
Broker Reference #: | OFS2024 |
Business Overview:
This business is a multiple decade old furniture company with a retail storefront in an eastern Portland metropolitan area suburb. The area served has a population of approximately 115,000 people. The population in the community has grown by over 20% since 2000. A community comprised of almost 45,000 households with an average size of 2.6 individuals, 8.3% higher than the state average of 2.4, is a perfect environment for selling furniture for the kitchen, family room, or bedrooms. The average household income in the area, which is home to many married couples and families, is over $66,000 annually.
Featuring a business model that has products for a broad spectrum of customers seeking quality and value, the company merchandises its approximately 22,108 square feet of predominantly retail space with a mix of furniture designed to provide options for every level and interior design taste of buyers seeking furniture in the market. The showroom is designed to feature furniture for the living room, family room, dining room, bedroom, and home office.
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Property Features and Assets:
The staff of the business consists of six to eight full & part-time individuals including a store manager and assistant manager. Current ownership provides executive oversight and administrative support for the business, but is not involved in day to day store operations.
The present rent amount for use of the space is $19,430 including $6400 for triple net charges. Ownership has conveyed that the ability to extend the lease long term exists.
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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