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