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- RE: 50-Year Furniture Store Family Owned
- Contact: Jim Misgen
Quick Facts
Asking Price: | $1,300,000 | |
Annual Revenue: | $3,000,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $294,403 | |
Total Debt: | Not Disclosed | |
FF&E: | $50,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1975 | |
Employees: | 10 | |
BBN Listing #: | 988518 | |
Broker Reference #: | 60356-753982 |
Business Overview:
The furniture store has been a single-family owned business since 1975. The seller wants to retire and turn the opportunity over to a buyer who will continue to grow the business on the wonderful foundation the family has created and maintained. The building is also available as part of the business sale and is listed at $5,190,000. Excellent location which has consistent performance over most of the past 50 years. Excellent staff in place for the new owner to keep the momentum heading in the right direction. Seller is minimally engaged in the business, but spends most of the time managing inventory. Owner would stay on to ensure a smooth transition. In 2022, the SDE was $670,000. The recession has had an impact on the gross sales, but fourth quarter in 2024 has set all-time record sales weeks, so it is an excellent time to purchase this business.
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Reason for Selling:
retirementAdditional 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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