Popular Furniture Store

FL

Popular Furniture Store
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Asking Price: $1,690,000

Cash Flow: $299,766

Gross Revenue: $2,109,621

EBITDA: N/A

FF&E: $93,672

Inventory: $112,456

Established: 2005

Popular Furniture Store

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Business Description

Offering International Brands

Popular furniture store located in a large, upscale, community. Offering international brands, which include attractive warranties. The store serves as a showcase for customers to order custom pieces, delivered skillfully to their home. The staff is friendly and well trained to serve customers who appreciate fine quality furniture. As a showcase, the business does not require a large inventory. Actually, a deposit is received with each order, which helps cash flow.

Detailed Information

Inventory:
Included in asking price
Employees:
1 FT/3 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The store is well-located in the heart of the busy shopping district. Positioned among malls, restaurants and large retailers.
Competition:
According to the U.S. Census data released March 2018, the Median Household Income in this area is 9% higher than the average in the U.S. So stores that focus on low price merchandise are not competition for this business. The customer who appreciates the opportunity to personalize the furniture to match their decor, with fine quality products, is concerned with value more than low price.
Growth & Expansion:
The location near a vast residential area, insures a large array of customers. The demographic of this area is primarily middle to upper market, which matches the products at this store.
Support & Training:
Will train for 4 weeks @ $0 cost. The store represents a broad line of premium brands that feature furniture for all the rooms of a home, including bedding. The staff is trained to assist customers with selecting the right product and having it customized to their taste. Experience in retail and business acumen would be beneficial for the business. Standard business licenses and tax certificates.
Reason for Selling:
Owner wishes to retire.
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Mark Purtee

Business Listed By:
Mark Purtee

Murphy Business & Financial Corporation

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Sponsoring Broker:
Murphy Business

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