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Listed by:

Beacon

Successful Furniture Retail Store For Sale

Florida, US
Asking Price:
$800,000
Sales Revenue:
$711,130
Cash Flow:
$258,596

Originally founded more than a decade ago, the furniture retail store has grown to be a leading office furniture retailer in Southern Florida. The business holds longtime success in the furniture retail industry due to their marketing efficiency, large number of product offerings, and open showroom which allows prospective customers to view and try products prior to purchase. The company offers multiple varieties of seating options, desking and tables, filing and storage systems, and Evolve Systems with power strips built into the furniture. This large variety of products in conjunction with their unique showroom allows the business to market, and in turn sell, more products than their competitors. As a testament to the importance of the showroom, more than 30% of the business’s sales are acquired through customers coming into the showroom.
The furniture store’s customer base is entirely commercial, this includes local businesses, nearby government agencies, and fire departments. Once one of these commercial accounts is sold on having the company as their furniture supplier, they are likely to stay with the business for future furniture needs and rarely change to other suppliers. A large portion of sales is derived from existing accounts rather than newer customers. These commercial accounts, as well as other customers, are mainly acquired through the use of digital advertising with social media like Facebook, as well as Google Search Engine Optimization. In addition, many existing customers refer the business to their contacts, helping to bolster their sales. A new owner could capitalize on the longtime and recurring business of the furniture store to maintain a consistent stream of income in the future. However, there are some concerns regarding the business’s working capital. The company works directly with a furniture factory to supply their store, but they simply do not possess the working capital necessary to supply multiple large orders at once. As a result, larger orders from their commercial accounts can only be transacted one at a time, slowing revenue collection.

The broker of record for this transaction is Jon Nesbitt, FL License #

Property Information

Real Estate:

Real Property Included

Location:

Southern Florida

Premises Details:

The furniture store’s main facility is primarily their large showroom, which is used to display and market their vast selection of furniture offerings. Apart from this, the remaining portion of the building is a large warehouse used for furniture storage until an order is placed. The total square footage of the facility between both the showroom and warehouse is more than 5,000 square feet. If desired, the entire facility can be purchased for $1,100,000.

Size in square feet:
5,000

Business Operation

Expansion Potential:

Although the current products offered by the furniture store are strong in quality, there is potential for growth of the business as a whole by offering additional products. The new owner could attend furniture trade shows to look into acquiring and selling more high-end, foreign furniture. In addition, the company’s website could easily be improved in order to attract more customers. A more streamlined website would help acquire customers by making it easier for them to find a particular product they have in mind.

Competition / Market:

Due to the nature of the furniture retail industry, there are no significant threats to the company. The current series of rapid population growth in many cities in Southern Florida help to shield the business from potentially poor macroeconomic conditions. Evidently, the business did not take too much of a hit during COVID, since even big businesses and individual homeowners continued to buy furniture.

Reasons for selling:

The current owner is retiring

Employees:
5
Years established:
15

Other Information

Support & training:

The current owner is willing to stay on for up to two months to help train the buyer.

Website:
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