$370,000 NET 3 Locations Back Support Furniture

Scottsdale, AZ
Maricopa County


Asking Price: Annual Revenue:
$1,250,000 $2,730,000

Retail: Home Furniture & Furnishings


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RE: $370,000 NET 3 Locations Back Support Furniture Broker: Mike Darmo
Owner Financing is Available!
$625,000 down payment and balance $625,000 for 5 years at 6.5% w/10 yr amoritized.

Quick Facts

Asking Price: $1,250,000
Annual Revenue: $2,730,000
Net Profit: Not Disclosed
Cash Flow: $370,000
Total Debt: Not Disclosed
FF&E: $120,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 5
BBN Listing #: 700259836
Broker Reference #: Not Disclosed

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Business Overview:

If you are looking for three fully equipped and full inventory High-End back support furniture stores that are part of a solid franchise located in very high-end locations in Phoenix, Mesa and Scottsdale with continual growth year after year then look no further. These stores boast a solid clientele base and Amazon- proof furniture by solid brands that are hard to find which keeps the business very niche. These stores have amazing locations and leases in place and ready to be assigned to the new owner. The brand is very strong and the books and records are immaculate and they are having their best year right now and they are selling because the owner is looking to retire and can't handle all the workflow. The stores also include over $390,000 in wholesale cost inventory and around $30,000 to $50,000 worth of Furniture, Fixtures, and Equipment in the price which would cost a lot more if you built the stores from scratch. All the stores average a gross income of $2,730,000 and a NET Income of $370,000 total over 2020 and projected 2021 and YTD and even though Covid affected the business a little last year it has always been on an upward trajectory and who knows what the numbers would have been in 2020. Also the owners salaries are upward of $210,000 per year which is not included in the NET advertised so that can be additional income if you decide to run the same positions as the current owners do instead of replacing them with employee. The business has all the right employees in place and the owner oversees all the locations. This business could easily go SBA, or if you want to utilize seller financing the owner is offering with a $625,000 down payment and the seller will carry the remainder $625,000 for 5 years at 6.5% amortized for 10 years. Hurry up this opportunity won't last.

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Property Features and Assets:

3 locations in suites with great leases in Phoenix, Mesa, and Scottsdale

Market Competition and Expansion:

Tons of room for growth by adding more location to the portfolio and simply maintaining the course oof the current owner with time and customer service.

Reason for Selling:

Retiring

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 a franchise resale opportunity.

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