Very Profitable Furniture Stores

Charlotte, NC (Mecklenburg County)

Seller Financing Available
Very Profitable Furniture Stores
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Asking Price: Get Financing: $950,000

Cash Flow: $390,000

Gross Revenue: $1,400,000

EBITDA: $840,000

FF&E: $75,000

Inventory: $3,000,000

Lease Rate: $4,200 /Year

Established: 2014

Very Profitable Furniture Stores

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Business Description

Ready to let it GO!

Original furniture business established in 1994, reaching sales of over $6,000,000 annually. Reestablished/re-branded in 2014. Last year sales were at $1,400,000....with much growth anticipated with new energy and new ownership. Long time relationships with higher end furniture brands transferred to you. Unlimited growth at your fingertips. So fun...everyone loves this business model because it's a WIN-WIN! The customers pays half price but you make crazy margins!!!! Nothing like it out there, if you take this to different states, other than NC (furniture capital of the world) you will become crazy rich....think Marshalls/TJ MAXX of the furniture business and we can teach you how to do it. This is just the ice cap to the huge ice burg that is waiting to build your BANK ACCOUNT! Incredible money making machine! Easy business to adapt to quickly. Roll this into internet sales quickly to quadrupedal your returns. Inventory is amazing, estimated value of $3,000,000 PLUS PAID FOR, you are walking into a gold mine.

I love the business but am ready to retire and slow down. Will stay on to transition new ownership.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
25,000
Lease Expiration:
12/31/2021
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Two locations with long leases in place with over $25,000 sq. ft. at each location. Leases are the best you will find in the area ONLY $4,200 a month at each location. Inventory levels are at an all time high, over $3,000,000 in inventory paid for in FULL. Amazing finishers/repair people and upholstery staff/craftsmen/managers...all long time employees.
Competition:
Both business are in prime, hot locations. We have a STRONG NICHE in the business which helps create great buzz and gives us an advantage over other stores. This business has only began to scratch at it's over all potential. Sky is the limit on what new blood could do with this fantastic and fun opportunity!
Growth & Expansion:
International internet expansion would be amazing! Other state expansion would be explosive.
Support & Training:
Wonderful staff in place that would completely support new ownership. Easy business to adapt to, the owner will assist in all areas of the business for the first few months to help you transition into this fabulously fun industry. 25 years of relationships with high end brands transferred over.
Reason for Selling:
Retirement
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Business Listed By:
Angelina Danette Hovey

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