Furniture Store - "Brooklyn North" of the Hudson Valley

Hudson, NY (Columbia County)

Furniture Store -
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Asking Price: $759,000

Cash Flow: $300,000

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: $380,000*

Established: N/A

*not included in asking price.

Furniture Store - "Brooklyn North" of the Hudson Valley

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Business Description

This full-service furniture retailer has a history of successful and profitable operations. They carry a wide range of home furnishings for living rooms, dining rooms, bedrooms, and mattresses, as well as curios, home entertainment units, and decorative accessories. It has provided a comfortable living and stressfree lifestyle for the owner!

Dedicated employees who treat the business like their own, many have been with the company for more than 5 years. The store manager assists the owner in day to day operations and management of staff including sales staff, warehouse staff, and delivery staff.

The Company has a long-term reputation in the community for personalized and quality service with products from leading furniture and mattress manufacturers.

This business is reasonably priced (including inventory) at 42% of revenue. (The Business Reference Guide states that furniture stores typically sell for 60% of sales.)

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Detailed Information

Location:
Hudson, NY
Inventory:
Not included in asking price
Facilities:
The property consists of showroom/office space and warehouse space. The owner will consider a lease or purchase of the real property.
Competition:
Because they operate in a secondary market not covered by the big national and regional players, they have minimal competition and have: - Higher gross margin than similar size furniture stores (44.5% vs 39.0%) - Higher inventory turnover than similar stores (3.92 vs 3.28 )
Growth & Expansion:
Opportunities for growth and expansion include adding evening/Sunday hours and seven-day, same-day or next-day delivery. The company can be scaled by adding additional home improvement items and decorating services. If you are interested in home furnishings and/or design, this is a great opportunity to have a profitable career in this trendy city in Upstate New York.
Reason for Selling:
The owner wishes to retire to pursue travel and other endeavors.
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(from currently available funds)
 
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Kathlene Thiel, MBA, CVA, CBI

Business Listed By:
Kathlene Thiel

ThielGroup LLC.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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