Profitable and well established furniture liquidator company. The current owner purchased the company in 2008 and has grown it from $156,000 to $3.1MM in revenue in 2022. The business generates revenue through contracts with general contractors renovating hotel properties and through selling used furniture. The furniture to be sold as used furniture is sourced from those hotels when hotel owners have their properties renovated. The removed/used furniture is sold either wholesale to other hotels, motels, timeshares, condos or apartment complexes; or retail to the general public from their 100,000 SF showroom/warehouse. The company has become one of the largest sellers of used hotel furniture in the Southeast and East Coast.
- Asking Price:
- $2,100,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $3,118,837
- Cash Flow:
- $639,548
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The company operates its retail sales and moving and storage warehousing services from a 100,000 SF showroom/warehouse in the Metro Atlanta area. The company has over 15,000 direct sales contacts and 300+ hotel renovation relationships and industry connections.
Business Operation
- Expansion Potential:
-
The company has significant upside and is poised for growth. There is as much business out there as the new owner wants to go and get.
- Competition / Market:
-
The company’s business model operates as a combination of renovation construction and used furniture sales. This business is different from the traditional retail furniture industry, where its sales are tied to the housing market. The core of this business revolves around hotel renovations and used furniture sales. The performance of the hotel industry is a major factor in its success as it is the primary source of its subcontracting services and used furniture sales. During economic downturns, business opportunities are directed to the company due to the company’s size and pricing advantages.
A few key competitors include Cash Liquidation (Forsyth, GA), Asset Store (Philadelphia, PA area) and Furniture Liquidators USA (FL).
- Reasons for selling:
-
Retirement.
- Trading hours:
-
Monday-Saturday 9:30am-4:30pm
- Employees:
- 7 FT/32 PT
- Years established:
- 27
Other Information
- Support & training:
-
Will train for 8 weeks @ $0 cost.
- Financing available:
-
Lender pre-screened with $210K down.
- Furniture / Fixtures value:
- $111,640 - included in the asking price
- Inventory / Stock value:
- $125,000 - included in the asking price
- Relocatable:
- This business can be relocated.
