Inventory Included! Highly Profitable Home Furnishings/Decor Retailer

Lexington, KY (Fayette County)

Inventory Included! Highly Profitable Home Furnishings/Decor Retailer
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Asking Price: $699,000

Cash Flow: $535,072

Gross Revenue: $2,214,763

EBITDA: $535,072

FF&E: $10,000

Inventory: $100,000

Rent: $1,500 /Month

Established: 2006

Inventory Included! Highly Profitable Home Furnishings/Decor Retailer

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Business Description

Highly Profitable Home Furnishings and Decor Retailer

Located in the heart of Lexington, Kentucky, this highly profitable luxury home furnishings and decor retailer is on the market for the first time!

Updates:
-The seller will train the buyer for a minimum of six months, or other negotiated period of time.
-The buyer has a separate commercial real estate deal available with an attractive cap rate!

Established over a dozen years ago, the Company is a well-recognized designer and retailer of high-end interiors, full home remodels, new luxury construction, kitchen renovations, and bath renovation.

With a well-located retail showroom in a high-income neighborhood, limited competition, and potential to further expand product offerings, this business is an excellent investment for a new owner.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
9/10/2021
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The showroom is located in the heart of Lexington in a high income neighborhood near other retail and restaurant sites. The location is near other higher end retailers, making for good foot traffic and walk-in business.
Competition:
Very limited competition in the area. The company is recognized as one of the very few options for luxury decor in Central Kentucky.
Growth & Expansion:
The current focus is on very high end luxury furnishings and decor for high net worth individuals. Expansion into a new consumer base would bring growth opportunity. A new owner could further expand into the higher volume kitchen and bath market. Current ownership has explored the idea of adding a kitchen or bath showroom to meet the needs of these markets, and the current real estate footprint would allow for this improvement.
Support & Training:
Seller is willing to provide support and training for a negotiable period of time.
Reason for Selling:
Relocation out of state.
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Spencer Houlihan - -Kentuckybusinessbrokers.com

Business Listed By:
Spencer Houlihan

Texas Business Brokers

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Sponsoring Broker:
Mike Feinman, Managing Partner

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