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Independent Furniture Retail In Se South Dakota For Sale

Not Disclosed, South Dakota, US
Asking Price:
$530,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,005,970
Cash Flow:
$134,635

This furniture store has been a staple in the community for decades. There are both long-time, loyal customers and new younger customers that appreciate the new, more modern look of the store. The store maintains a full stock of inventory with mostly current styles and models. The store retails furniture, appliances, and flooring.

The business currently offers design and consultation services for bedroom, living room, dining room and office areas. The store also offers delivery and installation.

Current owners are not able to dedicate the time this business needs. They are pulled by another, non-related business. An owner giving closer to 40 hour weeks--certainly no more!--will be able to grow the business through simple attention.

Property Information

Real Estate:

Lease

Premises Details:

Located less than an hour from Sioux Falls! The facility has a total of 13,500 square feet of space, which includes 9,600 square feet of showroom with a small office and 3,900 square feet of warehouse space with a mezzanine on both sides for additional storage upstairs. A very large lot has plenty of room for expansion.

There are a couple options available to a buyer for the real estate. The seller would prefer to lease, but would be open to half--or all--of the 4.35 acre lot being sold.

There is paved customer parking and a large gravel lot for deliveries, truck turnaround, and staging.

Business Operation

Expansion Potential:

Adding appliance repair would be a fast way to grow the store's annual revenues. A mechanically skilled employee could install and service appliances and upsell other products while in the home. Window coverings could be added to the product selection. Working with more construction contractors and/or multi-unit housing owners would open doors to additional flooring and appliance sales. New construction flooring and appliance customers regularly come back for furniture once the home is completed. There are currently two bulk appliance and furniture clients with certain furniture lines for these customers. There is potential for more of these types of relationships.

The store has the potential to be a destination location to draw additional customers from larger cities and hour or even more away. Customers rave about the personal shopping experience they get in a small-town store. More locations could be added under the same brand.

Competition / Market:

Located less than an hour from Sioux Falls! Geographically, the location serves many small towns. There is no direct competition within 35 miles. Expanded hours and a modernized store have resulted in fewer big-box delivery trucks in the area.

Reasons for selling:

Owners are shifting focus to unrelated business.

Trading hours:

Mon-Fri 9:30am-6pm; Sat 9:30am-1pm

Employees:
1 FT/2 PT
Years established:
95

Other Information

Support & training:

Will train for 2 weeks @ $0 cost.

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

$53K down/$53K over 84 mos. @ 9%/Other Financing.

Furniture / Fixtures value:
$95,500 - included in the asking price
Inventory / Stock value:
$236,279 - included in the asking price
Relocatable:
This business can be relocated.