Seller's Contact Information
- RE: Multi Location Unique Furniture Store W/ $2.4M RE
- Contact: John Geiwitz
Quick Facts
Asking Price: | $4,500,000 | |
Annual Revenue: | $4,756,276 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $1,163,955 | |
Total Debt: | Not Disclosed | |
FF&E: | $100,000 | |
Real Estate: | $2,400,000 | |
Year Established: | 2003 | |
Employees: | 15 | |
BBN Listing #: | 426118747 | |
Broker Reference #: | 7101337839 |
Business Overview:
Don’t miss your opportunity to own this Growing & unique furniture business specializing in premium & custom hardwood teak & tiger wood indoor & outdoor furniture with 4 locations and incredible real estate & locations established for nearly 20 years. With amazing one-of-a-kind furniture hand-selected from around the globe, this multi-location furniture and accessory group of stores offers unique coastal contemporary items that can’t be found anywhere else. 2022 sales on track to exceed $4.8M with a net of > $1.2M even with 35% price increases to customers and a new $50 delivery fee! Great staff in place, exclusive arrangements with manufactures throughout the world, $400K of inventory included, Real Estate valued at $2.4M included, great books & records, SBA pre-approved and double-digit growth year over year make this an incredible opportunity. 2022 sales are up 21% over 2021 with no sign of slowing down. SBA pre-approved with 25-year amortization. Email today for an NDA! PFS and/or Buyer Profile are required. Please refer to listing #7101-337839 Agent John Geiwitz when inquiring about this listing. Thank you!
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Property Features and Assets:
Free Standing.
Reason for Selling:
Semi Retirement.
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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