TYPE OF BUSINESS: Outstanding opportunity to acquire an established, well-known, and profitable retail furniture store. With a focus on unique and higher end items, this business has become a favorite destination for interior designers and consumers in the Twin Cities area. The attractive, highly visible facility showcases the extensive inventory of distinctive furnishings which are available for immediate purchase – a feature that has proven very effective in this market segment. In addition to ‘cash-n-carry’, clients may also custom order items. The business carries a solid reputation and has established relationships with key suppliers. Hours of operation are; Monday – Saturday 10:00 AM to 6:00 PM.
FACILITY: 6,000 Sq.Ft. leased space. Highly visible and easily accessed off of a major highway. Lease expires April 2015 and there is an option to renew.
EMPLOYEES: Business operates with 1 full-time and 2 part-time employees, plus the owner.
GROSS SALES/CASH FLOW:
Gross sales for 2013 were $1,061,482 with discretionary cash flow of approximately $185,500. Gross sales for 2012 were $1,129,000 with discretionary cash flow of approximately $120,000. Gross sales for 2011 were $881,401 with discretionary cash flow of approximately $118,000.
ASKING PRICE: The asking price for the business is $445,000. This includes the current inventory valued at approximately $425,000 at cost. Also included in the sale are the furniture, fixtures, equipment, website, phone number, and client and vendor list. The value of these assets is approximately $41,000. Bank financing is available to qualified buyers!
REASON FOR SALE: Owner is retiring.
Important Notice: The above information has been provided by the Seller. Neither The 20/20 Group, Inc. (dba Opportunities In Business) nor its agents guarantee its accuracy or comprehensiveness. 7758 b.k.