NOT DISCLOSED, New Jersey
| Asking Price |
$599,000 |
Year Established |
1975 |
|
| Annual Revenue |
$1,800,000 |
Reason for Selling |
retirement |
|
| Annual P/L |
$0 |
Attention |
Libby Rabinowitz |
|
| Annual Cash Flow |
$250,000 |
Listing Number |
986690 |
|
| # of Employees |
4 |
Business Category |
Retail: Home Furniture & Furnishings |
|
Business Overview:
Great Deal! Price Reduced! Owner wants to retire! Known for its famous commercials, this iconic 22,000 sq. ft. furniture store has been in business for over 50 years and currently generates $2 million in annual sales with no advertising. The store includes $300,000 in inventory and has a couple long-term employees, each with over 20 years of experience. The current owner is retiring but will provide up to six months of training to ensure a smooth transition. The business has long-standing supplier relationships which will continue. It is located on a busy highway, and the property owner will offer a long-term lease below market value!!! With no current marketing efforts, a new owner has the opportunity to increase sales through advertising and online expansion.
Property Features and Assets:
<p>Family owned and operated since 1950. Owned several locations now downsized to one location. Sold other locations over the years.<br></p>
Market Competition and Expansion:
<p>Only family owned business in the area. All others are commercial furniture stores<br></p>
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