Casual Furnishings-First Half Sales +24%, Profits +45%

New London, CT (New London County)

Casual Furnishings-First Half Sales +24%, Profits +45%

Asking Price:$5,535,000

Cash Flow:$677,890

Gross Revenue:$3,000,000

EBITDA:N/A

FF&E:N/A

Inventory:$75,000

Real Estate:$2,750,000

Established:1981

Casual Furnishings-First Half Sales +24%, Profits +45%

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Business Description

Major three location branded retailer of casual furnishings.

Revenues of $3,072,515 in 2015 and 2016 revenues are $2,412,675 which is
24% higher than same period 2015 and bottom line is up 45%.

Very high traffic locations at two state lines. This company is a standalone operating division of a larger holding company with unrelated business holdings.

Unique business model which delivers an unusually good financial performance with growth.

Price includes real estate at main retail location with an asking price of $2,750,000. Real estate is being managed by a third party RI licensed broker. The operating business and real estate must be acquired together. Leasehold improvements exceed $370,000.

Unusually profitable niche retail business with top branded lines and many repeat customers. Further upside possible by growing the existing high quality ecommerce web site.

This highly confidential sale-one of the largest business for sale listings in the Northeast--is a potential match with strategic buyers, high net worth investors seeking to leverage their marketing abilities, and serious on-line investors who can transition a cash generating brick and mortar powerhouse to a major on-line presence.

The marketing of this listing is supported by both high quality CPA prepared financial statements.

Executive summary provides detailed overview.

Very few listings in the Northeast market offer this combination of this level of cash flow with a high quality real estate asset.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
15
Facilities:
Three location business. All retail locations operated off main interstate highways. Main location has a 9,000 SF distribution warehouse.
Competition:
No direct retail competitor. Competition comprised of mostly commodity type porch and patio retailers (lower price, often higher warranty expense, and tighter margins).
Growth & Expansion:
Expand on line presence. Expand into other markets and add counter seasonal products.
Support & Training:
Two weeks. Will consider long-term management consulting agreement to assist with growth related strategies.
Reason for Selling:
Forty years of success.

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Robert Flynn

Business Listed By:
Robert Flynn

United Brokers Group LLC

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Memberships & Certifications:
Indicates membership in The New England Business Brokers Association (NEBBA).

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