This large-scale regional furniture retailer was launched in 2013 and has been owned and managed by an experienced, successful entrepreneur who possesses over 3 decades in the furniture business. As a consequence, all of the success ingredients are in place for new ownership -- an excellent community reputation, loyal, regional customer footprint, deep industry know-how, excellent supplier relationships, an extensive product offering of quality, well-known furniture brands, and a helpful, courteous delivery team. All of this is marketed in a massive, comfortable facility loaded with ready-to-sell inventory.
While all of the above is impressive, this business is also grounded on a customized, personal client interface that meets the furniture requirements of every room in the house or commercial space -- including dining, living, kitchen, study, recreation, bedroom, patio/pool, boardroom, training conference, or office -- all of which are supported by non-commissioned sales personnel and including free furniture delivery. The extensive inventory selection covers the full gamut of features, price, design, and variety to meet a broad spectrum of customer tastes. The results are impressive with 2023 top-line revenues of over $3.5M and bottom-line cash flow (after add-backs) of $539,000 ... which exceeds category average returns.
The seller is retiring from the business but is willing to stay involved in the operation for up to 6 months to ensure a successful, effective transition and to cross-train and transfer his lessons learned and best practices from over 3 decades in the furniture business.
Financing Package -- this business has been pre-qualified by two banks offering SBA business loan financing and working capital. Applicants must meet bank approval criteria and undergo a formal bank underwriting process. Complete details are included in the Confidential Information Memorandum (CIM) which will be provided after completion of the NDA package.
