RETURN TO RESULTS

Furniture and Home Decor Store

Location: Southport, NC

ID: (#200759)

200759
Price:$199,000
Revenue:$476,000
Cash Flow:$98,000
FF&E (Assets):$0
Inventory:$25,000
Real Estate:$0

Overview

Successful furniture and home decor store located in Southport, NC.

The business offers U.S. made custom-upholstered furniture, painted furniture, as well as home decor, from over 50 local artists and wholesalers. Products are shipped nationally, and on occasion, internationally.

There is an opportunity for an owner operator with design and customer service skills to take over an already successful business with proven processes and an extremely loyal customer base.

2019 Sales: $476,000 ($1,998 daily average), SDE $98,000
2020 Sales: $436,000 ($2,159 daily average) (closed for 7 weeks, due to mandatory COVID shutdown)

Details

Reason for Selling:

Retirement

Established:

2016

Employees:

1

Furniture, Fixtures, and Equipment (FF&E):

Included in asking price.

Competition:

Only a few comparable businesses in the area. None with the same level of service and popularity. Business attracts both locals and visitors to the area.

Opportunities for Growth:

Extended opening hours, additional product lines.

Support and Training

The seller is willing to remain with the company for a certain amount of time to assist in the transition and training of the new owners as required.

Broker Contact Information

  • Regina Fisher
  • North Carolina - Wilmington
  • (910) 520-0737 Mobile
  • (910) 520-0737 Office
  • (208) 248-5610 Fax
  • By Appointment Only
  • NC #282486
  • North Carolina - Wilmington
  • By Appointment Only
  • 1314 Culbreth Dr
  • Wilmington, North Carolina 28405
  • Real Estate Broker: NC #282486