Established High-Quality Furniture Store for Sale

Daytona Beach, FL (Volusia County)

Established High-Quality Furniture Store for Sale
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Asking Price: $1,615,000

Cash Flow: $350,000

Gross Revenue: $2,242,000

EBITDA: N/A

FF&E: $95,000

Inventory: $817,000

Real Estate: $1,350,000*

Established: 1987

*not included in asking price.

Established High-Quality Furniture Store for Sale

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Business Description

Furniture that is Proudly Made in America

Business: Retail outlet that specializes in solid hardwood furniture. The products come from
genuine hardwood materials crafted into customized furniture that appeal to personalized
tastes. The outlet provides its customers with some of the most exceptional choices in the area
with 95% of them proudly “Made in America”. This unique market positioning is a key reason
it has been recognized as the “best wood furniture” in the Volusia County area for 22
consecutive years (Business asking price: $1,615,000)

Real estate: The property is an owner-occupied furniture showroom consisting of two adjacent
similar retail buildings constructed in 1987 and totaling 12,277 sq. ft. of building area. An
additional 5,985 sq. ft. warehouse building, constructed in 1997, sits at the rear of the
approximately 1.26-acre property. (Real estate asking price: $1,350,000)

Attached Documents


Detailed Information

Location:
Daytona Beach, FL
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
18,262
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The property is developed with two nearly identical and adjacent retail buildings totaling 12,277 of showroom space. They were originally constructed in 1987 as multi-unit retail storefronts. The current owner removed all interior partitions many years ago. The south building features three private offices. Attached to the west of the south building is a 1997-built 5,985 sq.ft. warehouse building with two 12'x12' roll-up doors and minimal interior finishes. A covered, two-bay 4' dock-high loading platform spans between the two buildings.
Competition:
There are a number of good locally owned and franchise retail furniture stores in the vicinity that sell a wide array of brand name furniture. They tend to compete aggressively against each other on price, whereas our business is able to focus on its product quality and differentiation.
Growth & Expansion:
The surrounding geographic region is experiencing extraordinary growth with an influx of new residents looking to enjoy a lively retirement lifestyle. These customer prospects bring ample disposable income for high quality home furnishings and other personalized amenities. The company enjoys a well-entrenched brand identity in the community, a stable financial position, and steady history of incremental growth. The highly skilled and caring staff is the company’s greatest strength and is the key behind its story of longevity and success.
Support & Training:
60 days
Business Website:
http://amishhomefurnishings.com/
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Business Listed By:
Jeff Badovick

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