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Listed by:

Sunbelt of Edwardsville

Home Improvement And Furniture Business For Sale

Illinois, US
Asking Price:
$3,600,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$2,920,000
Cash Flow:
$432,000

Business was founded in 1972. The Seller took ownership of the business in 1992 and has owned and operated the business since. This well-established company is a retail supplier of furniture, cabinets, countertops, and flooring. Business does not offer installation services; they simply sell the products. The customers consist of homeowners looking to do their own home improvement or spruce it up with new furnishings, contractors/builders, and even those investing in real estate, aka flippers. Business is well-known for providing excellent customer service with an experienced staff. The manager is a trustworthy employee who is willing and able to run the business.
Business has an average sales revenue of approximately ($2,920,000) two million nine hundred twenty thousand a year with an average annual net income of approximately ($432,000) four hundred thirty two thousand dollars. The company has a highly respected presence in community and surrounding areas, as well as with all customers and suppliers/manufacturers.

Property Information

Real Estate:

Real Property Included

Premises Details:

N/A

Size in square feet:
89000 sq ft

Business Operation

Expansion Potential:

There is quick growth opportunity in the following areas:
1. The business does not currently offer installation services. Installers could be added for both flooring and cabinets.
2. A small supply of doors is offered today, but this could be increased and marketed as an additional product, and perhaps even installation service.

Competition / Market:

Competition is due to local retail stores. There is a home improvement retail chain, Menards, as well as a few area furniture stores. However, these stores have been in existence for several years as the business continues to see growth in numbers.

Reasons for selling:

Owner looking to retire.

Trading hours:

Days: Mon-Sat, Hours: M-F, 8:30am-6pm and Sat, 8:30am-5pm

Employees:
Full Time: 4, Part Time: 2
Years established:
50

Other Information

Support & training:

The Seller will provide training and orderly turnover to the new owner, at future negotiated rate, between buyer/seller.

Financing available:

Monthly Payroll: ON REQUEST
Financing is Available

Inventory / Stock value:
$700,000 - included in the asking price

Contact Sunbelt of Edwardsville

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