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Listed by:

Transworld Business Brokers of North Florida

Multi Location Furniture Store With Real Estate For Sale

St Johns County, Florida, US
Asking Price:
$4,500,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$4,756,276
Cash Flow:
$1,163,955

Don’t miss your opportunity to own this Growing & unique furniture business specializing in premium & custom hardwood teak & tiger wood indoor & outdoor furniture with 4 locations and incredible real estate & locations established for nearly 20 years. With amazing one-of-a-kind furniture hand-selected from around the globe, this multi-location furniture and accessory group of stores offers unique coastal contemporary items that can’t be found anywhere else. 2022 sales on track to exceed $4.8M with a net of > $1.2M even with 35% price increases to customers and a new $50 delivery fee! Great staff in place, exclusive arrangements with manufactures throughout the world, $400K of inventory included, Real Estate valued at $2.4M included, great books & records, SBA pre-approved and double-digit growth year over year make this an incredible opportunity. 2022 sales are up 21% over 2021 with no sign of slowing down. SBA pre-approved with 25-year amortization Email today for an NDA! Please refer to listing # agent John Geiwitz when inquiring about this listing. Thank you!

Property Information

Real Estate:

Lease

Lease Terms:

Yes
Lease Expiration Date: December 31, 2031,

Leasehold Rent:

$22,971 per annum

Location:

Free standing

Size in square feet:
21,209

Business Operation

Reasons for selling:

Semi Retiring

Trading hours:

9:30 to 5pm M-F. 9am to 5pm Sat. Noon to 5pm Sun - Varies

Employees:
15
Years established:
19

Other Information

Support & training:

Will train for 8 weeks @ no cost.

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

Assumable Financing Amount $4,015,500.00
Assumable Financing Interest 5.5%
Assumable Financing Term Months 300
Assumable Financing Monthly Payment $24,658.68
Lender Prequalified

Other Financing Amount $3,790,000.00
Other Financing Interest 5.5%
Other Financing Term Months 300
Other Financing Monthly Payment $23,273.92

Furniture / Fixtures value:
$400,000 - included in the asking price
Inventory / Stock value:
$100,000 - included in the asking price

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