| Asking Price |
$40,000 | Inventory |
$15-22,000* |
|---|---|---|---|
| Gross Income |
Not Disclosed | Real Estate |
|
| Cash Flow |
Not Disclosed | Year Established | 1982 |
| FF&E |
N/A | Employees | 1-2 |
* included in the asking price
** not included in the asking price
Budget Used Furniture is a great deal! *Store has been in existence in same location under same name for more than 25 years *3750 sq ft location with office and back storage/miscellaneous room *EXTREMELY affordable rent--one of the lowest price/sq ft. ( $.53/sq. ft) in town even with its great location. *Located on a very busy main street in Sparks *Comes with all inventory (furniture, home decor, odds and ends, clothes, etc.) currently in the store which will continue to be restocked until the day it is taken over *All supplies needed for running the store included (furniture dollies, tools, cleaning products and supplies, all forms and receipts, signage, credit card machine, phone/fax, etc.) *First month's rent, insurance for the year, and alarm for 3 months are already paid for *Loyal clientele *Still has a lot of room for growth *Recession resistant; business will be amazing after housing slump *If you decide to work the store yourself, there is a lot of down time where you could possibly even run a home-based business at the same time. *Great opportunity for a first-time business owner with no experience (like me!) and even better opportunity for someone who already knows the ropes.
Facilities: Budget Used Furniture is located in the prime space in the Ideal Shopping Center on one of the busiest streets in Sparks. The space is 3750 sq ft and includes an office and a back storage room with a separate entrance. There is plenty of room for parking directly in front of the store. The store front is easily seen from the street and has large windows as well as a sign hanging over the sidewalk. The rent on this space is incredible at $2k/month. Length of lease can be negotiated with the landlord, but a 2 year lease is standard.
Competition: There are only 3 stores in town, including this one, that are dedicated to buying and selling used furniture. One is located in Reno and the other is not too far away from Budget but tends to lean more towards antiques. There is also a rent-to-own furniture store in the same shopping center, but it draws more business to the shopping center rather than detract from it.
Growth/Expansion: The store could easily house more second hand items other than furniture. We already have home decor items that are placed around the store in order to make it more home-like but do end up selling and turning a profit. There is also a section in the back that is being used for clothes.
Support/Training: I will be happy to provide the buyer with any type of training as far as how I have run the business, things that I think can be improved upon, etc.
Reason Selling: selling due to health reasons

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