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!
- Asking Price:
- $4,500,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $4,756,276
- Cash Flow:
- $1,163,955
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
