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Furniture Store In Northeastern Nevada For Sale

Northeastern Nevada, Nevada
Asking Price:
$599,000
Sales Revenue:
$1,583,494
Cash Flow:
$249,532

This very successful Furniture Store has been operating under the original family ownership for over 50 years. Recognized as the premier furniture dealer in Northeastern Nevada, the store also features a complete selection of upholstery, case goods, mattresses, accent furniture, home accessories, as well as a full line of GE appliances. The company also offers a variety of financing for their customers which is a very profitable element of the business. The 10,000 square foot building is creatively displayed with many major furniture brands and additional inventory is stocked in an offsite nearby warehouse. The sales have been very consistent over the years and the sellers own the building and will offer a new long term lease for a new buyer. The sellers have decided to retire but will work with a new buyer in transitioning the business and there is a very dedicated staff of 5 full time, 3 part time, and 2 delivery men employees on board. There is a customer list of 3,500 names with approximately 500 active customers and the Northeastern counties account for a customer base of nearly 50,000. There is currently $240,000 in inventory not included in the price and A/R is $480,000 also not included but the seller can build into the total business consideration. If you are seeking to purchase a well-established retail furniture store with excellent name recognition and profitability in every year since opening in 1963, then hopefully as a new buyer the legacy will continue for the next 50 + years.

Property information

Real Estate:

Lease

Lease Terms:

New lease with option offered

Location:

Northeastern Nevada.

Premises Details:

Highly visible location with ample parking and easy accessibility. The building is 10,000 sq. ft and warehouses an additional 8,500. The sellers will offer a long term lease to a new buyer.

Size in square feet:
10,000

Business Operation

Expansion Potential:

The business has been built on honesty and integrity and has won multiple customer service awards and consistently voted the #1 furniture store in the area. The staffs has been with the business for many years and have contributed to the success of the company.

Reasons for selling:

Retire

Employees:
10
Years established:
1963

Other Information

Support & training:

Training will be provided

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Cash/Submit

Inventory / Stock value:
$240,000

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