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- RE: Home And Office Furniture Retail Store
- Contact: Bryan Symkoviak
Quick Facts
Asking Price: | $329,000 | |
Annual Revenue: | $495,240 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $45,288 | |
Total Debt: | Not Disclosed | |
FF&E: | $20,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1974 | |
Employees: | 4 | |
BBN Listing #: | 951768 | |
Broker Reference #: | 7401-18494 |
Business Overview:
Office and Home Furniture retail store, with an established presence in Utah. The Home Furnishing side of the business has been around for over 50 years in Utah and the Office Furniture store has been around for over 20 years. Both businesses have great name recognition and a loyal customer base for a new owner to capitalize on.
The current owner typically carries a large wholesale inventory, between$100,000 to $150,000, this represents an excess of inventory of between $50,000and $100,000 for a company of similar of similar size.
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Property Features and Assets:
Large facility in a strip mall located in Salt Lake Valley, Utah.
Assets = $170,000
Market Competition and Expansion:
The top competition is RC Willey, Ashley Home Stores, and John Parris Furniture. The company carries different brands of furniture and focuses on buying in volume for better prices than its competitors.
The combined business presents a unique opportunity to be part of a fun business, that you can't lose if you are ready to run it correctly. The expansion possibilities are endless and could lead to an increase in sales over time. The ground work has been laid and these companies just need that new owner to capitalize and grow this business into the juggernaut it can be!
Reason for Selling:
Retirement.Additional 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
Relevant Links:
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