NOT DISCLOSED, New Jersey
| Asking Price |
$999,000 |
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:
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 $350,000 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. With only $400,000 down the Seller will give finance the remainder.
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