Asking Price:

$265,000

Gross Income:

$1,200,000

Cash Flow:

$140,000

FF&E:

$5,000.00 *

Inventory:

$250,000.00 *

Real Estate:

N/A

Year Established:

2008

Employees:

2ft+2pt

Business Types:

Home Furniture & Furnishings
Miscellaneous Retail

* included in the asking price

Business Description

Location, location, location! Profitable and Beautiful store! This upscale one -stop shop for beautiful furniture and home accessories has been thriving since 2008. The owner works approximately 5-10 hours weekly at the location, 2 full time and 2 part time employees run the day to day operations. Seller will verify gross sales in excess of $1.2 million and net earnings of $140K+/. Included in the sale is $250K+/ of sellable inventory. One of the greatest assets of this sale: the owner manufactures much of the inventory locally and will continue the wholesale pricing to the buyers. This is a terrific opportunity to own a profitable store in a prime location with a good lease in place, fair market rent and parking. Furniture is high quality, unique, exotic and beautifully designed for the most selective clients with a wide range of tastes from modern to traditional. This location is a Celebrity favorite. The store also offers in-house design services. No advertising or marketing has ever been done to promote this location. Some seller financing may be possible to qualified buyers.

Detailed Information

Facilities:

Beautiful 3400 approx. sq. ft retail space, located on one of the most well traveled streets in LA. Plenty of parking. Long term lease in place with options. Rent is $7500 per month, a great value for this upscale neighborhood.

Competition:

The furniture business as a whole has been struggling during the recent economic times. This business has been Thriving!!!

Growth/Expansion:

Several ways to expand the existing business.

Financing:

Some seller financing may be possible to qualified buyer.

Support/Training:

2 weeks for 10 hours per week or as negotiated.

Reason Selling:

Other business interests