Furniture Store; located on a major highway in the metro area. This well established business offers a unique shopping experience. This is an excellent opportunity for an owner/operator to become immediately established in the high-end furniture and furnishings. This beautiful store specializes in the sale of wide range of unique custom-ordered sofas and chairs, custom upholstery, imports, rugs, decorative art, accessories and more. The owner has built a great relationship and reputation with a number of suppliers who provide fresh and old world items that are consistently reviewed to ensure leading-edge designs that fit within the demographic of the area’s homes. This business would be a great outlet for a professional interior designer, an experienced furniture salesperson, first time buyer, or an existing furniture business looking to expand or diversify. Hours of operation are; Monday – Saturday 10:00 to 6:00.
FACILITY: This business is located in a prime location on a busy highway. The business operates in about 6,000 square feet. Monthly rent is $8,747. The lease expires in April 2015, and there is an option.
EMPLOYEES: Business operates with 1 full-time plus owner and 2 part-time employees.
GROSS SALES/CASH FLOW: The gross sales for 2013 were $1,061,482 cash flow was approximately $185,500 ++. The gross sales for 2012 were $1,129,000 cash flow was approximately $120,000++ for an owner operator based on 2012 sales. Gross sales in 2011 were $ 881,401 with a cash flow of $118,000. Sales in 2013 through July are approx. $506,000.
ASKING PRICE: The asking price for the business is $445,000. This includes the Inventory valued approximately $425,000 at cost. Also included in the sale are the furniture, fixtures, equipment, website, phone number, and client and vendor list. The value of these assets is approximately $41,000.
REASON FOR SALE: Owner is retiring.
Important Notice: The above information has been provided by the Seller. Neither The 20/20 Group, Inc. (dba Opportunities In Business) nor its agents guarantee its accuracy or comprehensiveness. 7758 b.k.