Home Furnishings - 2 Locations

NJ

Seller Financing Available
Home Furnishings - 2 Locations
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Asking Price: $1,999,000

Cash Flow: $417,217

Gross Revenue: $3,854,234

EBITDA: N/A

FF&E: $213,710

Inventory: $400,000

Established: 2007

Home Furnishings - 2 Locations

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Business Description

2 locations .... Low Down Payment!

Established Home Furnishings and Gifts store with significant cash flow in upscale community now available!

This business started our over a decade ago as a small craft and gift gallery and has grown into a multi Million $$ business and NJ's premier independent gift and home furnishings destination. Blossoming from a small retail space to a mega 18,000 sq ft destination retailer at 2 locations!

They now serve customers throughout the state and across state lines. Walk in and you will find unique furniture, gifts and first-in-class customer service. All within a warm, inviting and sophisticated environment catering to an upscale market at affordable prices!

There is something for everyone keeping the 100,000 + loyal customers in the business database coming back again and again throughout the year and telling their friends or bringing them in!

This nearly $4MM multi-unit retail operation is looking for a new owner operator or business owner looking for an expansion or diversification opportunity for existing company.

Detailed Information

Inventory:
Included in asking price
Employees:
19 FT/4 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Two locations! 10,000 sq ft downtown retail space and an additional 8000 sq ft retail store and warehouse.
Competition:
This is a unique brand. It's closest competitor would be a restoration hardware or similar store. Dedicated and loyal client base of 100,000+.
Growth & Expansion:
Tremendous growth opportunity for this established brand grow through additonal marketing opening more locations sell their products on line!!
Financing:
$257,300 down/$100k for 60 mos. @ 8%/Other Financing.
Support & Training:
Will train for 4 weeks @ $0 cost.
Reason for Selling:
The owners are looking for a new venture!
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Russell Miller

Business Listed By:
Russell Miller

Murphy Business Sales

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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.

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