This almost 50-year-old furniture store is well-placed on one of the state’s most heavily traveled roads with tremendous frontage and visibility.
Because they concentrate on high-quality furniture that provides lasting value, they have been immune to the big-box discount stores that have moved into the area. They simply service a higher-end clientele with higher-grade products.
Their massive warehouse includes furniture for living rooms, bedrooms, and dining rooms as well as mattresses, furniture for the kid’s rooms, entertainment centers, and occasional furniture from over 20 different manufacturers.
The parcel of land also hosts a second, unrelated business that is producing rental income.
Financials
Asking Price: $1,366,000
Gross Revenue: $2,936,000
Cash Flow: $453,000
FF&E: $293,000
Real Estate: Available for sale at $1,505,000 (might be available, Incidental to the sale of the business and subject to commercial appraisal)
Inventory: $1,000,000 (Not Included)
Business Details
Employees: 11 (9 Full Time & 2 Part Time) Payroll: $48,500 per month
Disclaimer:
Information and financials provided by the sellers and Inbar Group have not been audited.
***Confidential listing, not in indicated city***
