Hawaii Retail Furniture Store - SBA Approved

Business Overview:

This long-tenured, well known and regarded, profitable Hawaii based retail furniture store is for sale due to the pending retirement of the owners.

In 2024 they had annual sales of $1.5 million which generated $366,140 of owner’s profits (“SDE”). This performance was based on them being open only 5 days per week, closed most holidays, and closed when the owners took vacation. Their focus is on the mid-priced retail furniture market, and their customers include home and condo owners and short-term vacation rental owners. Future sales prospects are excellent due to market conditions. They have exclusive US based vendor relationships which provide them with a secure product supply at modest cost.

All assets including a very saleable and current Inventory of Goods to sell, excellent leases, all required furniture and fixtures, excellent training by the current owners, and a 5-year non-compete agreement are included in the sale.

·         The U.S. retail furniture industry is a multi-billion-dollar sector, with estimates for 2023 putting its total market value around $120–130 billion; one of the US’s largest markets.

·         Their local market is vibrant, and future demand is expected to be robust.

·         Rather than letting the logistics of shipping furniture to Hawaii become a challenge, they decided to turn it into an opportunity. People in Hawaii were unable to get furniture there by themselves at a reasonable price due to the shipping constraints and costs. So the Company made their brick and mortar store a place for easy and reasonably priced furniture accessibility with full container load freight rates.

·         Excellent Vendor Relationships. One of the Company’s major strengths is their long-tenured and strong domestically located vendor base.

·         Strong Cash Position and No Accounts Receivable & Credit Risk. Because they collect a 50% customer deposit for orders that will need to be shipped from the mainland, and they are paid 100% primarily by credit card for products sold from stock, they are able to maintain a zero investment in accounts receivable and no credit risk.

·         No Customer Concentration. They had over 500 customers in 2024, with an average sale of $1,941 per customer.

·         SBA Financing. Gulf Coast Small Business Lending has offered a qualified buyer a pre-qualification Letter for an SBA 7(a) acquisition loan, with the following details:

    Loan Amount: up to $744,000, based on an Inventory amount at Closing of $250,000 (will vary with closing Inventory amount).

    Loan Term: 120 months (10 years), fully amortizing (a line of credit may also be available for additional working capital

    Interest Rate: A Floating rate adjusted quarterly. The rates will be quoted with qualified applicant’s information.

    Payment: Initial monthly payments in the amount of approx. $9,627.18.

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Property Features and Assets:

LOCATION DETAILS​

Status: Leased

Monthly Rent: In 2024 total lease rent was $237,950 ($19,829/month); 15.7% of sales Sq. Ft.: 13,307

Lease Expiration Date: 1/31/2026 and 1/31/2027 Renewal options: Yes

Lease Comments: As of November 2025 they have a 5,622 sq. ft. retail location, plus 3 storage units with a total of 7,685 sq. ft. of warehouse space. They are evaluating restructuring their space needs and these may change after 1/31/2026 with a commensurate change in rent expense.

Market Competition and Expansion:

Modest competition.

Expansion through adding additional lines of furniture and expand to other islands.

Reason for Selling:

Retirement. Kindly ask the seller for more information.

Additional Details:

Documents:

Relevant Links:

• View more Hawaii businesses for sale
• View more Businesses For Sale in the same industry
• Sell a business online
• Find a business broker