Furniture Store - Established & Profitable

Business Overview:

This established business is thought to be the oldest operating retail furniture store in America. Current owner purchased the business 45 years ago and is ready to retire. The store specializes in exceptional quality, solid wood American made furniture, leather sofas and recliners. The store is merchandised for an affluent audience. The quality of the furniture is evident as you walk through the showroom and browse the impressive bedroom, dining room and living room furnishings. Custom orders are a significant part of the business. Customers can choose from a wide range of wood and stain options coupled with a range of fabric and leather finishes.

The showroom is very well organized and provides customers with a comfortable shopping environment. Furniture is displayed by room type. Each room is accented with beautiful clocks, curios, lamps, pictures, and other accessories which are all available for purchase.

Seller owns the property and will provide the buyer with a long-term lease at a reasonable rental rate, or the property can be purchased for $1.2 million.

Please Note: All information furnished is provided by seller or based on representations of the seller or other sources. Squizzero, Carp & Associates has made no investigation of it and makes no representation or warranty as to the accuracy of the Information. All recipients are encouraged to perform due diligence and consult with independent tax, financial and legal professionals.

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Property Features and Assets:

Property can be purchased or leased. The business operates out of a 10,650 +/- square foot building (gross area) on just over a half-acre of land. Warehouse & showroom both operate from the same location. The physical facility is efficient to operate. With the attached warehouse, minimal effort is needed to move goods on and off the floor. A single warehouseman can receive goods, prep deliveries and move goods as needed. There is a loading dock for deliveries and a customer parking lot in the rear of the building.

Market Competition and Expansion:

The current owner, now in his 80s, has successfully operated the business in a consistent manner for over 40 years. A new owner, bringing fresh ideas and energy, could build on this solid foundation. By implementing digital marketing strategies, introducing new product lines, and enhancing the in-store customer experience, there is significant potential for growth and expansion. Additionally, opening on Sundays and extending evening hours during the week could attract more customers and drive additional revenue and profits.

Reason for Selling:

Additional Details:

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