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Furniture Store

Location: North Carolina

ID: (#200670)

200670
Price:$2,300,000
Revenue:$3,000,000
Cash Flow:$769,000
FF&E (Assets):$25,000
Inventory:$80,000
Real Estate:$0

Overview

Highly profitable furniture store in North Carolina. Exceptional earnings per square footage at a prominent location with an affluent customer base in a fast-growing area.

Listed numbers are for 2019.
Revenue in the first 8 months of 2020 was 1.8 MM, with SDE of 440k.

Details

Reason for Selling:

Retirement

Established:

2009

Employees:

8

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

Fixtures and office furniture used in the business are in good condition and will convey with the sale.

Facilities:

Leased space 7,500 sqft in prominent mall location.

Inventory:

All inventory intended for sale at time of closing conveys with the business and is included in the asking price.

Competition:

Strong social media presence. Affordable delivery prices and the convenience of touch-and-take home fights off online competition.

Opportunities for Growth:

Continued residential development around the business locations increases foot traffic. Additional retail space or a second location are options for expansion, as well as creation of online store, interior design and staging divisions as profit centers.

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. After that time the Seller and Buyer may enter into a consulting agreement for terms and conditions to be determined later.

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