Profitable Multi-Location Furniture Retailer- Serving the Albany Area

Albany, NY (Albany County)

Seller Financing Available
Furniture Retailer
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Asking Price: $749,000

Cash Flow: $430,800

Gross Revenue: $2,150,000

EBITDA: N/A

FF&E: $60,000

Inventory: $100,000

Real Estate: $895,000*

Established: 1990

*not included in asking price.

Profitable Multi-Location Furniture Retailer- Serving the Albany Area

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Business Description

Profitable Multi-Location Retailer in the Albany – Binghamton Corridor Area between the Catskills and Adirondack Mountains of New York.

This retailer has been established since the early 1990's and continues to grow. Add a new location or 2 or 3? Certainly possible There is only one competitor in the area.

Seller only has to work ‘Gentleman's Hours’, now just 25-30 hours per week thanks to well selected middle management with each location having a great manager in place plus a general manager. The seller is ready and eager to stay on for a smooth transition and may well be willing to stay on for an additional negotiated period to act as a consultant.

Sale price includes over $100,000 of great inventory. The real estate valued at $895,000 is available for purchase or lease with a purchase option. with the sale of the business. The seller is very flexible with different options.

Seller is ready to retire which brings this thriving business to the market, so contact us today. There are not many businesses available with this type of cash flow.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
12 FTE, 4 PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Available for lease or purchase
Financing:
Seller or Third Party Financing available for a qualified buyer
Support & Training:
Seller will negotiate a transition period
Reason for Selling:
Retirement
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William Smith

Business Listed By:
William Smith

A-1 Business & Practice Brokers, Inc.

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