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Established And Thriving Southern Colorado Furniture/mattress Store For Sale

Colorado, US
Asking Price:
$319,000 Furniture / Fixtures included
Sales Revenue:
$1,026,168
Cash Flow:
$108,253

Consistently Profitable Retail Furniture/Mattress Business with Fortress-like Warren Buffet "Competitive Moat"-Protected Marketing Area!

• 10,000 SqFt Furniture & Mattress Retail Business in Stunning, Historic, "Victorian-Era" Storefront located directly on Main Street in the heart of an active Central Downtown Business District on a heavily traveled thoroughfare (Estimated Annual Daily Average: 8,600 vehicles/day)!

• Superior, professionally-interior-designed, retail environment (see photo's) delivers a dynamic, enticing, comfortable customer experience. Extensive electrical outlet systems allow easy & flexible floor moves; updated LED ceiling/track-lighting throughout make for powerful merchandising/presentations.

• Convenient 2,000+ SqFt warehouse is located directly next door. Long-term, transferable leases available for both spaces. Natural gas heating paid by landlord.

• This business has predominant, eye-catching, exterior signage and facade night-lighting on this major street in addition to a professionally-designed, conspicuous 5-billboard-rotating-ad-campaign presence on all three major routes leading to downtown.

• FF&E Package (estimated value: $62,000) - All assets included in sale transferred "Free & Clear":
Two well-maintained, late-model delivery vehicles: 14' Box-truck & 4WD Extended-cab Pickup (required for ski-resort/winter/mountain deliveries); Full-function website in place - built & maintained by AVB National Buying Group which allows easy transition to new owner (Full-service E-commerce option available); Dual-computer/Multi-phone POS system; Multi-camera/Multi-monitor Security system in place; Printer/fax machine; Custom-built sales desk/cash wrap with rear console & office stools; Kitchenette equipment; Lockers; Metal display racks/custom warehouse rack system; Custom-designed interior signage; Two separate LED track-lighting systems plus a "White Cloud" Mattress/Bedding-showroom lighting system; Various hand & power tools/wrench sets; Furniture repair workbench, etc.

• Exclusive vendor relationships with high-quality, nationally-known brands: LaZ-Boy®, Flexsteel®, American Leather®, Tempur-Pedic®, Serta®, Beautyrest®. All Accounts-Payable are paid in full.

• The geographic location of this business and it's Target-Market Areas are protected by a physical "Competitive Moat" (the market area of approximately 8,000 square miles is surrounded by Southern Colorado's "fourteener's" mountain ranges). This "Moat" (and a "we-match-their-prices-everytime" policy) thoroughly discourages outlying Big-City/Big-Box Mattress & Furniture chains from competing for sales while simultaneously motivating a local customer-base to shop locally (four-hour round trip to nearest large metro-area requires driving over mountain passes). As a result, maintaining a proper amount of inventory ($200,000 is recommended) enables immediate sales and rapid delivery follow-up.

Staffing (currently three people/five days a week):
• Professional, experienced, "customer-service-focused" Manager (5 years with this company) & Operations/IT staff allows Absentee Ownership (if desired/required).

• Comprehensive financial & tax records available: All records are handled by independent Bookkeeping and CPA firms. Reallocated & Recast financial records with accompanying SDE figures are available.

• News Flash!:
From the weekly Downtown Economic Council Report: A locally-based health insurance company's projected expansion & new construction update:
Phase 1 (130 new employees): direct/annual impact = $4.3M; w/ multipliers total annual impact = $7.3M.
Phase 2 (additional 255 new employees): projected direct/annual impact = $7.5M; w/ multipliers total annual impact = $12.8M

• Downtown commercial area is experiencing unprecedented growth: 3 major storefronts within one block of this location were recently purchased for remodel/new construction for 3 new businesses. Five-County Marketing Area experiencing commercial/residential growth; Hospital & airport just completed expansions; 2nd-home sales/"Work-From-Home" homeowners are fueling growth/construction; nearby high/middle school undergoing major expansion. Tourism & AirBnB rental markets are booming. Colorado Business Tax Credits are available. If new Owner functions as manager = Added Revenue

• Side Bar: In line with national furniture-industry sales predictions/tracking, at this time (YTD December 2021) Total Income from Sales + Non-taxable sales is robust and increasing!

• Owner is selling in order to pursue expansion of existing businesses in another location/state. Owner offers flexible, after-sale, on-site support: Suggested support package includes 1-2 days/week for 8 weeks post-closing, plus telephone conferencing during this time (contingent on final contract terms; details TBD).

• Important/Please note:
All information in the "Property and Financial Details" section (Below) is subject to the following qualifications/restrictions:
1) All financial data regarding this sale should be analyzed in concert with the seller's CPA as this business is one of three DBA's operating under the umbrella of one corporation. Every effort has been made to accurately separate and depict its specific financial data; however, as there are different ways to interpret this data, a potential buyer should conduct their own analysis.
2) "Asking Price" includes $62,000(+/-) of FF&E's; inventory NOT included - to be negotiated prior to sale/closing.
3) "Quick Sale" status primarily addresses OWC terms (OWC with Buyer Qualification Contingencies).
4) "Sales Revenue" represents a three-year average (2018/2019/2020) and is derived strictly from "Taxable" and "Non-Taxable Sales" after subtracting "Returns".
5) "Cash Flow" is the Seller's Discretionary Earnings derived from a Restated/Recast three-year average (2018/2019/2020).
6) Early-March 2022: Recast 2021 financials become available; all SDE calculations and Asking Price adjusted at that time.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

Retail Store rent: $5,000/month (10,000 sqft); Warehouse rent: $575/month (2,000+ sqft). Both leases are transferable/assumable.

Leasehold Rent:

66,900/year per annum

Living Accommodation:

n/a

Location:

Located at the junction of the two major highways in an 8,000+ square-mile, target-market area, this city is the "commercial hub" of this region. The business itself occupies one corner of the busiest intersection/block of the downtown area thus providing significant walk-in traffic as well as superb drive-by visibility.

Premises Details:

The business operates in an extremely well-maintained brick structure registered with the Colorado State Historic Society. As the photo demonstrates this is a classic Victorian Commercial Storefront - arguably the most recognizable, eye-catching, and memorable structure in the "Five County" Marketing Area. The columns on the second story are dramatically lit at night and there are two wall-mounted exterior signs to attract the attention of all passersby. Load-outs take place in back of the building with warehouse doors directly across an alley from the main retail store.

Size in square feet:
12,000+ sqft
Planning Consent:

n/a

Business Operation

Expansion Potential:

Store hours could easily be expanded to 7 days/week. Untapped/underserved market "segments": Residential: Mountain/vacation/second-home/retirement markets present a burgeoning demand and source of sales. Commercial: The local university (already a small steady client), hospital, city & county government and airport are all expanding, plus there is an extensive series of "medical clinics" in the area - all in need of contact/sales. Additional categories: Home decorating product lines could include window-coverings, paint & wallpaper, lighting, etc. - perhaps with a greater "commercial-oriented" selection

Competition / Market:

This business operates primarily in medium-to-higher-end price ranges with exclusive vendor relationships with high-quality, nationally-known brands: LaZ-Boy®, Flexsteel®, American Leather®, Tempur-Pedic®, Serta®, Beautyrest® and others. The sole competitor in the area is one block away and operates primarily in a lower-price range with lesser known brands. There is little customer-demographic overlap.

Reasons for selling:

Owner is selling in order to pursue expansion of existing businesses in another location/state.

Trading hours:

10-6 T-F; 10-5 Sat

Employees:
3.5
Years established:
6+

Other Information

Support & training:

Owner offers after-sale support: 2 days/week on-site for 8 weeks post-closing, plus telephone conferencing during this same timeframe (contingent on final contract terms/details TBD).

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

OWC with Buyer Qualification Contingencies

Furniture / Fixtures value:
$62,000 - included in the asking price

Contact Seller

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