Furniture Store


Location: North Carolina
ID: (# 200670)

Furniture Store

New Listing

To request additional information start by providing the following:
Asking Price: $2,300,000
Cash Flow: $ 720,000

Annual Sales:  $ 3,000,000
Assets (FF&E):  $ 25,000
Inventory:  $ 280,000
Real Estate:  $ 0

Overview

Highly profitable furniture store in Eastern North Carolina. Exceptional earnings per square footage at a prominent location with an affluent customer base in a fast-growing area. Unique product mix, exceptional vendor relationships, large client following, superior reputation and extensive social media presence are part of the sale. Voted #1 Furniture Store in 2019 by local publications.


Details

Reason for Selling:
Retirement

Year Established:
2009

Number of Employees:
8

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.

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

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.

Competition and Market:
This business differentiates from other furniture stores in the area through its mix of new and like-new consignment which secures its position between the discount stores and the high-end priced retailers. Affordable delivery prices and the convenience of touch-and-take home fights off online competition.

Growth and Expansion:
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.


Broker Contact Information

Regina Fisher

regina@bristol.group


Bristol Group Carolina

Based in Wilmington, North Carolina
(910) 520-0737 | Mobile