TAMPA, Florida
| Asking Price |
$10,000,000 |
Year Established |
2010 |
|
| Annual Revenue |
$18,000,000 |
Reason for Selling |
Retiring, Moving |
|
| Annual P/L |
|
Attention |
Mohanad Rifaie |
|
| Annual Cash Flow |
$977,235 |
Listing Number |
952895 |
|
| # of Employees |
30 |
Business Category |
Retail: Home Furniture & Furnishings |
|
Business Overview:
Situated in the dynamic and fast-growing Central Florida region, this distinguished furniture retailer has solidified its reputation as a leading destination for high-quality, stylish home furnishings. With a customer base that spans beyond the state of Florida, the business offers an extensive selection of furniture that seamlessly blends contemporary and classic styles.
A key asset of this business is its flagship location, which features a spacious 63,000 sqft showroom alongside a 60,000 sqft warehouse. This state-of-the-art facility is the operational heart of the business, showcasing a diverse range of products from custom furniture pieces to premium outdoor furnishings, all sourced from top-tier brands known for their quality and craftsmanship. The business is further supported by a robust online presence, including an interactive e-commerce platform that enables customers to explore customization options and make convenient online purchases.
Financially, this debt-free business has consistently achieved impressive revenue growth year over year, with annual sales well north of $15,000,000 for the past three years. It generates over a million dollars in cash flow annually, demonstrating its strong profitability. With a positive trajectory, the business is on track to exceed $20,000,000 in revenues in the coming years. In the first quarter of 2024 alone, revenues reached nearly $5,000,000, showcasing the business's continued growth and profitability.
For strategic buyers, this business represents a chance to enhance market share in a lucrative area, while private equity firms may see it as an excellent platform for further growth or a strategic add-on acquisition. The business has been financially reviewed by several banks, making it well-positioned for a range of financing options. The current owner is willing to consider seller financing based on the buyer’s qualifications and financial standing.
Property Features and Assets:
<p>The business operates from strategically placed locations, with over 75,000 square feet of showroom space alongside over 60,000 square feet in warehouse space.<br></p>
Market Competition and Expansion:
<p>The Central Florida market for high-quality home furnishings is thriving, driven by rapid population growth and a booming real estate sector. This business holds a strong competitive edge with its extensive product range, blending contemporary and classic styles, and a well-regarded brand known for quality and service. With limited direct competition, the business distinguishes itself through its large showroom, exclusive product lines, and robust online presence. The business is well-positioned for growth, with opportunities to enhance its online platform, open new locations in high-growth areas, and expand its product line to include office and outdoor furniture, catering to the rising demand for comprehensive home and work solutions.</p>
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