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Home Decor/Furniture Business for Sale

Chico, CA (Butte County)

Home Decor/Furniture Business for Sale
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Asking Price: $200,000

Cash Flow: $125,000

Gross Revenue: $810,000

EBITDA: $160,000

FF&E: $50,000

Inventory: $115,000*

Rent: $7,440 /Month

Established: 2004

*not included in asking price.

Home Decor/Furniture Business for Sale

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Business Description

Great location with expanding opportunity!

Well loved furniture and home decor business with a diverse customer base, which is evidenced by five years of “Best Of Chico” awards. Products include custom furniture lines, case good furniture, accessories, wall décor, lamps, rugs, and more, and the store is displayed to show a variety of styles to attract a wide base of customers. Design consultation is available as needed.

This is a turn key opportunity for a new owner. The store operates seamlessly, being staffed with a full time manager whose duties are purchasing, merchandising, and management of staff, as well as design work at customer’s request. There are between four and five sales associates who work together seamlessly to create a positive environment.

There is an active on-going social media presence, which is fed and created by in-house staff.

Detailed Information

Location:
Chico, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
4,800
Lease Expiration:
9/30/2019
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The location is on one of the busiest intersections in Chico, close to multiple restaurants, grocery stores, drug stores, banks, movie theaters, and many more businesses. Building is leased with a five year extension available this year.
Competition:
The products and the merchandising of the store are distinct, and provide a unique artistic flair. Many of the customers are long term and loyal, many visiting the store on a weekly basis, as well as a steady flow of new customers visiting the store. The location of the store is one of the best in the area, providing high traffic flow and visibility. Sales are increasing with the recent increase in population within the Chico area.
Growth & Expansion:
The area is expanding with new homes being built as quickly as possible to keep up growing population caused by the Camp Fire last fall. There is also a high volume of real estate transactions, creating a need for home furnishings and decor. The store carries the Bassett brand of furniture, which is not sold by any of our competitors within this area, and offers the opportunity to become a Bassett HGTV Design Studio. There is also an opportunity to develop an eCommerce presence, as well as an opportunity to partner with designers in the area.
Support & Training:
Sellers will support training for as long as needed. There is also a store manager that has significant knowledge of the business, including purchasing and merchandising, to help the new owner manage the business. All employees are well trained and work as a team, making sure that the store operates properly and smoothly.
Reason for Selling:
Owners are retiring and are motivated to sell.
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