Home Furnishings & Sleep Center (College Town)

Business Overview:

This business is a multi-generational home furnishings and sleep center located in Corvallis, Oregon. With an exceptional reputation that has dominated the marketplace, it draws customers from as far North as Salem, and as far South as Eugene, with many customers making the trip from the Oregon Coast. Other furniture stores have attempted to enter the marketplace, and all have failed to compete with many closing in less than 10 years.

The inventory covers the spectrum of furniture types. Beds, home furnishings such as couches and dining room tables, as well as various accoutrement and accent pieces to suit a customer’s needs. The showroom space totals 28,800 sq. feet with a large warehouse 2 blocks away. A buyer selection of $300,000 of inventory is included in the sale price with the remaining inventory offered on consignment.

The furniture industry experienced a boom during the pandemic and is currently on a downward trajectory towards normalcy and stabilization. Online furniture resellers and distributors experienced a boom as well, but trends are moving back towards the customer’s desire to touch and feel items that represent purchases of substantial price. The future of brick-and-mortar furniture stores looks bright, especially for a store such as this one, given its location, size of showroom and corresponding in-store inventory, and market share. 

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Property Features and Assets:

This business sale has the option to be bundled with the real estate. The building was constructed around 1930 and has been well maintained throughout its history. Electrical and plumbing have been updated post-construction. The HVAC and metal roof need to be inspected and assessed. The offer price of the building is $1,600,000. Site plan, permits, and other prior maintenance and upgrades have been documented and are available upon request.

Additional Details:

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