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- RE: Global Furniture Co Converting 2 NY Corp Locations
- Contact: Skip Warner
Quick Facts
| Asking Price: | $750,000 | |
| Annual Revenue: | $5,172,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $268,484 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2015 | |
| Employees: | 11 | |
| BBN Listing #: | 85255287 | |
| Broker Reference #: | CNY8881122 |
Business Overview:
The company is a 70 year-old international Furniture Brand with over 300 locations worldwide in over 60 countries. They are converting their two corporate stores in the New York metropolitan area to partner locations.The company will only sell the two New York high profile stores to an individual or group that has the mindset, ability and financial capacity to open additional stores and successfully maximize the New York Tri-State territory.
Partner Opportunity Offers:
· Low Investment / High EBITDA
· Strong ROI
· A business model for franchisees that yields quick cash flow generation
· Comprehensive support for Franchisee partners
· A well-known international brand
· An updated seasonal range of contemporary and modern furniture
Historical Summary:
Since opening its first store in Europe in 1993 the company has become a global leader in the design of bold, stylish furniture, boasting 300 locations in over 60 countries around the world.
This company differentiates itself by offering premium quality, modern designs that elevate interior spaces to achieve their full potential. The company remains focused on creating functional furniture for the urban consumer through partnerships with the world’s leading interior designers.
The company’s first U.S. store location was opened in 2002.
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Property Features and Assets:
The New York flagship store is located in New York City and the 2nd store is located in an upscale high-end mall in a suburb of NYC.Market Competition and Expansion:
Significant opportunity and completion is limited to upscale furniture brands in the marketplace.Reason for Selling:
Company is selling its 2 Corp. LocationsAdditional 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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