Seller Financing Available
Gross Revenue: $1,900,000
* not included in asking price.
Furniture, Appliance, Bedding Sales & Service
This Company sells and services a complete range of furniture and appliances from many of the leading manufacturers. Founded in 1994, the Company began by selling rebuilt and salvaged appliances. The Company quickly grew and added leading furniture, appliance, and bedding manufactures to its product line-up. In addition, the Company services all products sold.
The Company’s sales staff is highly-motivated, knowledgeable, and friendly. Sales representatives are paid a monthly commission that is structured off of total store sales. With each sales representative receiving a percentage of total monthly sales, a friendly, customer-oriented mindset is fostered. The Company engages in a multi-faceted marketing program. The following highlights some of the marketing techniques the Company utilizes: daily, local newspaper display advertisements; cable TV commercials since 1994 featuring me the owner; radio advertisements are utilized to promote special events, financing, or sales; flyers; Community involvement; an informational Website; and a Facebook page. The facility is leased from the President at an approximate fair market rate. The facility is comprised of a 4,000 square foot showroom, 1,100 square feet of office space, 2,460 feet dedicated to the scratch and dent products, and two warehouses with approximately 7,770 square feet and 1,650 square feet.
Inventory: Not included in asking price
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: The facility is leased from the President at an approximate fair market rate. The facility is comprised of a 4,000 square foot showroom, 1,100 square feet of office space, 2,460 feet dedicated to the scratch and dent products, and two warehouses with approximately 7,770 square feet and 1,650 square feet.
Competition: (A) Strong Sales Growth: Revenue increased across all major product lines in 2015 resulting in a 17.3% growth in sales.
(B) Strong Liquidity: The Company’s 2015 year-end current ratio of 1.6 highlights the strong ratio of current assets to liabilities and the Company’s sound financial management.
Support & Training: The active shareholder is willing to stay with the Company during a transition period in order to ensure a seamless transfer of ownership.
Reason for Selling: Seeking Investment Partner
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