Thriving Online Home Furnishings Business

PA (Relocatable)

Seller Financing Available
Thriving Online Home Furnishings Business
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Asking Price: $925,000

Cash Flow: $311,000

Gross Revenue: $2,850,000

EBITDA: $275,000

FF&E: N/A

Inventory: $28,000*

Rent: $1,350 /Month

Established: 2002

*not included in asking price.

Thriving Online Home Furnishings Business

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Business Description

Very successful online business with massive growth potential!

This thriving business has proven that online selling is not a passing fad. It has established itself firmly in a niche of the home furnishings sector and flourished for over 17 years. The physical location is flexible with an online business. Office and inventory can be accommodated in less than 1,000 sf. The bulk of orders are shipped directly from the suppliers. Features Include:
Established presence in the niche of this sector with longevity
Established strong reputation for client service
Long-standing relationships with suppliers, both domestic and overseas
The seller weathered the recession that hit the housing market very hard and 2019 revenues are on track to exceed $2.5+ million. The business remains nimble to adapt to the ever-changing challenges as online commerce evolves, as demonstrated in its 2019 rebound from algorithm and marketing changes in late 2018. It is anticipated that key employees will remain after the sale to ensure a smooth transition. This is an excellent opportunity for someone with experience in a fast-moving environment to jump into a business with a strong and well-established reputation to continue to build on. The seller desires to sell this business to concentrate on an emerging opportunity but is willing to assist with a transition.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,600
Lease Expiration:
12/31/2020
Employees:
3
Facilities:
The business occupies a leased space that includes a showroom and space for inventory & shipping. It can be accommodated in 1000 sf or less.
Competition:
Online competition is very strong and requires constant attention to keep up with developments. The business, though, has established itself in a niche with a high level of service that stands up very well, as proven over time.
Growth & Expansion:
The online environment is very dynamic and offers a number of avenues to pursue expanding the business presence and promoting awareness.
Financing:
Negotiable
Support & Training:
The seller is willing to remain for a transition period to be negotiated.
Reason for Selling:
The seller desires to concentrate on an emerging opportunity.
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Mike McCarthy

Business Listed By:
Mike McCarthy

Marathon Capital Advisors

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Sponsoring Broker:
Raymond Melcher Jr

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