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 who could explain how tv beds work, 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.
