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Sunbelt Business Brokers Cleveland

Premier Furniture Retailer With Multiple Locations -$2m Inventory Included In Northern Ohio Region For Sale

Northern Ohio Region, Ohio, US
Asking Price:
$6,500,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$10,500,000
Cash Flow:
$1,600,000

Premier full-service Retail Home Furnishings Company with Multiple Locations has a 40+ year track record of offering leading brands. 90% of the purchases are ordered to customer specifications and require a 33% minimum down payment.

This business has stood as a beacon in the industry and often services third and fourth generation customers. The owners pride themselves in their excellence through commitment to top-notch brands and an unwavering dedication to extraordinary customer service. The company provides diverse, upscale inventory selections, from timeless classics to cutting-edge contemporary designs.

There are management teams in place and the staff is experienced and well-trained. There are three locations: Two well positioned retail stores and a warehouse distribution center.
Facilities:
------
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value: -2
Real Estate Description:
One retail location and the warehouse facility are also for sale either separately or part of a package. Asking price is $3.5 million and $2.5 million respectively.

Detailed Information:
Lender Prequalified: No
SBA Prequalified: Yes
Rent: -2

Business Operation

Reasons for selling:

Retirement

Employees:
Full Time: 40
Years established:
44

Other Information

Support & training:

Owner will provide training and consultation for a year after purchase.

Financing available:

Downpayment Required: -2

Furniture / Fixtures value:
$735,000 - included in the asking price
Inventory / Stock value:
$2,000,000 - included in the asking price