Independent Furniture Retail In SE South Dakota
Relocatable, SD Not Disclosed
Southeast South Dakota
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- RE: Independent Furniture Retail In SE South Dakota
- Contact: Josh Grode
Quick Facts
| Asking Price: | $530,000 | |
| Annual Revenue: | $1,005,970 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $134,635 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $95,500 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1928 | |
| Employees: | 3 | |
| BBN Listing #: | 936257 | |
| Broker Reference #: | 5401-17200 |
Business Overview:
This furniture store has been a staple in the community for decades. There are both long-time, loyal customers and new younger customers that appreciate the new, more modern look of the store. The store maintains a full stock of inventory with mostly current styles and models. The store retails furniture, appliances, and flooring.
The business currently offers design and consultation services for bedroom, living room, dining room and office areas. The store also offers delivery and installation.
Current owners are not able to dedicate the time this business needs. They are pulled by another, non-related business. An owner giving closer to 40 hour weeks--certainly no more!--will be able to grow the business through simple attention.
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Property Features and Assets:
Located less than an hour from Sioux Falls! The facility has a total of 13,500 square feet of space, which includes 9,600 square feet of showroom with a small office and 3,900 square feet of warehouse space with a mezzanine on both sides for additional storage upstairs. A very large lot has plenty of room for expansion.
There are a couple options available to a buyer for the real estate. The seller would prefer to lease, but would be open to half--or all--of the 4.35 acre lot being sold.
There is paved customer parking and a large gravel lot for deliveries, truck turnaround, and staging.
Assets = $332,079
Market Competition and Expansion:
Located less than an hour from Sioux Falls! Geographically, the location serves many small towns. There is no direct competition within 35 miles. Expanded hours and a modernized store have resulted in fewer big-box delivery trucks in the area. Adding appliance repair would be a fast way to grow the store's annual revenues. A mechanically skilled employee could install and service appliances and upsell other products while in the home. Window coverings could be added to the product selection. Working with more construction contractors and/or multi-unit housing owners would open doors to additional flooring and appliance sales. New construction flooring and appliance customers regularly come back for furniture once the home is completed. There are currently two bulk appliance and furniture clients with certain furniture lines for these customers. There is potential for more of these types of relationships.
Reason for Selling:
Owners are shifting focus to unrelated business.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
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