Rent to Own Furniture/Appliance/Electronics Store

Memphis, TN (Shelby County)

Seller Financing Available
Rent to Own Furniture/Appliance/Electronics Store

Asking Price:$250,000

Cash Flow:$164,012

Gross Revenue:$453,340





Rent to Own Furniture/Appliance/Electronics Store

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Business Description

Profitable Rent-to-Own Store. Priced right. Independently owned.

Located on a major east/west thoroughfare in a major suburb of Memphis, Tennessee (just minutes away) , this independent rent-to-own store sells and rents furniture, appliances, and electronics.

There are over 225 customers with 750 rental units rented currently.

Many consumers have an immediate need for household goods and either don't want or won't accept long term obligations, or have no access to credit. Rent-to-own was born in the 1970's and has become a viable consumer option as it has grown into a $8.5 billion industry.

This is a great opportunity to purchase a profitable growing business in a growing industry at a great price. Call Sam Cantor today at (901) 722-4826 to discuss.

Detailed Information

Included in asking price
Business is operated in a standalone building of approximately 6,000 sq. feet on a major thoroughfare at a busy corner with a stop light. There is ample parking, signage, and great drive by traffic. There is ample space to maintain the current level of inventory and then some. Rent is $2,300 per month with 3 years left on the lease.
There are three competitors in the market where this business is located. At 6,000 square feet, this business is the largest of the three. In addition, this store's advertisements highlight that they also sell furniture, while the their competitors don't. Although all the stores were started about the same time, the family name on this business has been associated with furniture and appliances in this market for over 60 years, and is a recognizable and trusted name within the community.
Growth & Expansion:
The business is growing in profitability every year. As his customer base was growing rapidly in the early years of the business, the owner was required to spend heavily on rental inventory. Now that the growth rate has settled into a more sustainable rate, he is not required to purchase as much rental inventory on an annual basis, growing the profitability of the business.
Seller will finance for a qualified Purchaser.
Support & Training:
Seller will assist Purchaser during a transition period. In addition, manager is capable of running all aspects of the business, and will stay with the business. In addition, Seller would work part time for a new Purchaser if desired.
Reason for Selling:
As retirement approaches, owner is ready for some new challenges.

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Sam Cantor

Business Listed By:
Sam Cantor

Sam Cantor & Company

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