Seller Financing Available
Upscale Furniture and Art Consignment Store-Big Price Reduction
High End Furniture, Art & Antiques Consignment/Estate/Resales
Lake Mary, FL
Reduced Price From $60k to $24k. Beautiful 4,000+ square foot fully stocked showroom full of mid to high-end furniture, furnishings, décor, antiques, and artwork. Located in shopping plaza on busy state road with showroom leased at below market rent and low overhead. Business is 100% turnkey, and includes website, beautiful sign ($8000 cost), consignment software, large display and reception counter, and everything else needed to completely run the business. Will include one month of free training, with additional training and/or consultative services as desired. Must sell due to serious medical problem. Business currently has a cash flow of approx $40,000 that is being used to pay part time independent contractor labor due to owners serious medical condition, along with some purchases of estate sale items. This business has tremendous potential for owner/operator who can put in at least 40 hours per week. And, there is excellent potential for substantially increased cash flow for someone who has E-Bay sales knowledge, or by increasing advertising into additional areas, as well as by proactively attending estate sales and Craigslist sales to purchase high quality items that can be resold at considerable profit in the store. Business is located along the I-4 High Tech Corridor in beautiful, prosperous Lake Mary, which has twice been listed by CNN as one of the top 100 places to live in the United States. Only a 15 minute drive to Orlando.
The consignment software lists the current store inventory as $95,000 (based on current listed prices of all items in the store). Approximately half of that is owned by consignors, with half owned by the business owner. Upon the sale of the business, the current owner would become a consignor of her owned inventory. Therefore, the business sale listing price of $60,000 (reduced to $24k) would include the following:
1.Turnkey Existing Business with all licenses, dozens of existing consignors, and hundreds of regular customers.
2.Existing Store Sign ($8000 cost).
3.Existing sales counter and store fixtures (value at least $8000).
4.Existing attractive and effective website that is search engine optimized (value $2000).
5.Half ownership of Cathy's inventory (half of $50,000 inventory, income to store as items sell).
6.Value of current consignor's inventory (half of $45,000 inventory, income to store as items sell).
7.Up front training on the current business, plus additional consultative support as needed.
This is a beautiful existing business with positive cash flow with tremendous potential for increased cash flow. Realistically, new owners who simply put in at least 40 hours per week with no changes in business should be able to easily achieve at least a cash flow of $40,000 to $50,000. There is excellent potential for substantially increased cash flow for someone who has E-Bay sales knowledge, or by increasing advertising into additional areas, as well as by proactively attending estate sales and Craigslist sales to purchase high quality items that can be resold at considerable profit in the store.