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Premier Northern NJ Furniture & Design Business For Sale

Not Disclosed, New Jersey, US
Asking Price:
$930,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$2,430,921
Cash Flow:
$313,860

High Quality and well-established Northern NJ store at new lower price, provided over $300k of cash flow in 2023. Lender pre-qualified, can be purchased with only $93K down.

The business has been a staple in a thriving downtown shopping area for over 30 years. Serving home and office needs the store features

· Furniture for home and office

· Floor coverings,

· Lighting and décor.

· Custom woodwork and interior design services also available for that special project.

· Small gift and décor, including seasonal items, drives foot traffic to the store.

· An established online presence

Experienced staff serves primarily residential and some commercial customers across the tri-state area. Loyal customers keep coming back for the quality and consistency of products and services offered. A robust website provides online browsing of larger pieces and online shopping for décor and gift items.

This business consistently generates more than $2.4m in revenue for the last several years and includes:

· 7000 sq ft showroom with dedicated space for interior design services

· 2025 sq ft warehouse, nearby for receiving and fulfilling orders.

· Over $400k of assets (showroom inventory, store/warehouse furniture and fixtures, delivery vehicles.)

Current owners have been in place for 16 years and are ready to retire. Now looking for a new owner operator or business owners looking for expansion or diversification opportunity for existing company

Property Information

Real Estate:

Lease

Premises Details:

Retail space of 7,000 sq ft showroom. Warehouse of 2,025 sq ft nearby.

Business Operation

Expansion Potential:

Expand reach through concentrated marketing efforts of online store.

Competition / Market:

There are very few privately owned stores which provide the quality and level of services offered.

Reasons for selling:

Retirement.

Trading hours:

Mon-Sat 10am-5pm; Thurs 10am-7pm

Employees:
5 FT/1 PT
Years established:
30

Other Information

Support & training:

Will train for 4 weeks @ $0 cost.

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

$93K down/$93K over 24 mos. @ 7%/Other Financing.

Furniture / Fixtures value:
$95,000 - included in the asking price
Inventory / Stock value:
$300,000 - included in the asking price