Unique opportunity with extremely high-profit margins and has been deemed an essential business. The 2020 financials were a record year. The company has 2 aspects, hotel liquidating and then the resale of used furniture and all types of decor. The liquidation aspect is typically the clearing out of all the rooms in hotels, motels, and timeshare locations. Often there is no cost, of very low cost for the items. The products are then brought to his 4 locations and sold. Buyers of the products are typically other smaller hotels and time-share units but also has walk-in customers that just purchase a couple of items. This could be a great opportunity to either create a franchise or licensing agreement to take it nationally. Please refer to listing , Agent Joe Nicolini when inquiring about this listing. Thank you!
- Asking Price:
- $1,499,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,856,310
- Cash Flow:
- $843,351
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Type of Location
Facilities strip centers and free-standing
Monthly Rent $34,000.00
Square Units (Foot, Meter) 49,300
Lease Expiration Date
Terms Options open
- Size in square feet:
- 49,300
Business Operation
- Reasons for selling:
-
Other
- Trading hours:
-
Tues - Sat 10-6 and Sun and Mon 12-5
- Employees:
- 12
- Years established:
- 10
Other Information
- Support & training:
-
Seller will train for 4 weeks at no cost
- Financing available:
-
Other Financing Amount $1,368,200.00
Other Financing Interest 6%
Other Financing Term Months 120
- Furniture / Fixtures value:
- $200,000 - included in the asking price
- Inventory / Stock value:
- $50,000 - included in the asking price
