Highly Profitable Furniture Retailer

New England

Highly Profitable Furniture Retailer

Asking Price:$935,000

Cash Flow:$475,000

Gross Revenue:$3,000,000





*not included in asking price.

Highly Profitable Furniture Retailer

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Business Description

Well established business.

This well-established business has been providing a vast selection of quality home furnishings in one of New England’s most affluent communities for over 70 years. Locally owned and operated since 1940 the business provides superior customer service in a relaxed, no-pressure atmosphere. The company carries quality products from leading brands such as La-Z-Boy, Sam Moore, Smith Brothers, Klaussner, and Tempurpedic Sealy among others. With revenue of $3.3 million the business is expected to generate discretionary cash flow of over $475,000, resulting in gross margins well above industry averages.

Detailed Information

Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
The business operates out of a 17,700 square foot leased space located just off a busy commercial highway with ample parking outside the storefront. The building consists of 2 levels showcasing attractive living room, dining room and bedroom displays along with accessory items as well as mattresses and recliners. The current lease extends through 2026 and is transferrable to a new owner. The company also leases 7,000 square feet of nearby warehouse space with the lease extending through August 2020 with 2 5-year renewal options.
The company has the 2nd largest showroom in its market area. For the past 20 years the company has been voted the “Best Place to Buy Furniture” within its region. In addition to the quality of its products, the company sets itself apart from the competition through its high level of customer service and product knowledge.
Growth & Expansion:
The business has operated under somewhat limited hours. Remaining open a few hours later during the week and opening on Sunday would provide a more convenient shopping and enhance sales. While the company has an existing Facebook page, more attention could be paid to social media as a means of advertising and increasing customer awareness. In addition, while the company has an active website it is not set up to allow for on-line purchases. With the shift to on-line shopping in the retail space, an investment in on-line sale capability could create a meaningful level of internet sales.
Seller will consider.
Support & Training:
Seller will assist in the transition and train new owners as well as enter in to a non-competition agreement.
Reason for Selling:
Owner has reached retirement age.

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Country Business Inc.

Business Listed By:
Country Business Inc.

Country Business, Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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