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- RE: Furniture Store For Sale!
- Contact: Stephen Lee
- License #: 567204
Quick Facts
Asking Price: | $880,000 | |
Annual Revenue: | $1,333,931 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $314,374 | |
Total Debt: | Not Disclosed | |
FF&E: | $40,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2021 | |
Employees: | 3 | |
BBN Listing #: | 950539 | |
Broker Reference #: | #001316 |
Business Overview:
Furniture store for sale! A furniture warehouse showroom offering modern furniture designs and decor with substantial revenue is up for acquisition. The owner established the business in 2021 and has seen consistent growth since then. The warehouse offers a range of furniture, lighting, art, rugs, and high-end decor that is expertly curated. Additionally, services like furniture sourcing, in-home consultations, installation, and renovation consultations are available. The business occupies a 1,207 Square Feet space within a retail strip center in an area with high-income neighborhoods of single-family homes. It is situated near a busy intersection with significant traffic and is in proximity to major DFW highways. The customer base is predominantly middle to upper class demographics who desire personalized interior design for their homes. Families make up the majority of the warehouse's customers. Although there are few competitors in the immediate market area, each competitor caters to a different niche of individuals.
The business has a solid social media presence with thousands of followers and has gained popularity through Google Ads and word of mouth. However, there is room for improvement in marketing and SEO is needed to expand the online presence beyond the local area. The business can achieve tremendous growth by targeting corporate accounts that could use updated furnishings and decor within their office or retail spaces. Currently operating for 20 hours per week, extending the business hours will not only boost sales but also provide ample room for further expansion. The owner works part-time to source unique furniture and decor, and guide customers in selecting products that cater to their specific needs. The warehouse is also staffed with three contractors who are trained to assist customers with their interior design needs. This business is experiencing continuous growth and is well-positioned for further expansion. It presents an excellent opportunity for a buyer with industry experience to elevate it to the next level of success.
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Property Features and Assets:
The showroom is located in a 1,207 Square Feet space in a retail strip center, near a busy intersection and major DFW highways. The area contains several high-income neighborhoods of single-family homes. The interior of the business is beautifully decorated to give customers a visual sample of products and expert design service. / Inventory: $50,000 (Not Included in listed price).
Market Competition and Expansion:
Competition: There are few competitors in the area, yet each one caters to a distinct niche of individuals. / Growth and Expansion: The furniture store business has great potential for growth by focusing on corporate accounts of businesses operating in office buildings that require updated and modern furnishings. By extending the operation hours, the store can increase its sales and generate more opportunities for growth and expansion in the future.
Reason for Selling:
Other OpportunitiesAdditional 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
Documents:
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