Request More Information Contact the Seller
- RE: Furniture Store For Sale In Frisco TX
- Contact: Stephen Lee
- License #: 567204
Quick Facts
Asking Price: | $1,000,000 | |
Annual Revenue: | $1,371,691 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $459,340 | |
Total Debt: | Not Disclosed | |
FF&E: | $40,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2021 | |
Employees: | 3 | |
BBN Listing #: | 985904 | |
Broker Reference #: | #001316 |
Business Overview:
Located in the prestigious $5 billion mile area of North Dallas, this mid- to high-end furniture and home decor store has been established since 2021 and has experienced substantial growth each year all within a 1,207 SF space of a retail strip center. The business boasts a large social media following, loyal repeat clients, and is a turnkey operation.
*Key Features:*
- Established in 2021 with consistent annual growth trending upwards
- PGA & other major corporations moved onto this area, driving traffic.
- New homes priced between $1 million to $10 million are being built that will require luxury furniture
- Mid- to high-end furniture and home decor suited for the demographics of the area
- Strong social media presence and loyal customer base
- Turnkey business with a business owner willing to stay on as a commissioned contractor for future business prospects and potential for faster growth
- Owner also operates a synergistic companies, leading to additional furniture sales and builder deals after sale.
- Established relationships with major furniture providers and builders for quality control
- Efficiently run with a manageable workload that doesn¡¯t require high-level of skills
- Highly proficient staff that operates this business like a well-oiled machine
- Dominates their niche within the competitive marketplace of North Dallas
The current owner will assist in maintaining relationships with builders and business deals, ensuring a smooth transition.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
The showroom is located in a 1,207 SF 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: This area is experiencing exponential growth driven by major corporations relocating to this fast-growing city. PGA is one of those major corporations that is increasing the traffic to this area with the purchase of brand new homes. Majority of these newly built homes range from $1 million to $10 million in price. These homes will increase the demand of luxury furniture and home decor significantly.
Synergistically, the owner of the business operates a renovation company that caters to affluent clients which in turn works extremely well for driving traffic to this store as these customers require complete home furniture packages. The owner's expertise in this field and extending to high-end, turnkey vacation homes would continue to also drive traffic for consistent demand and revenue for the new potential purchaser.
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:
Relevant Links:
- View more Texas businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
Request More Information