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Wholesale/Retail Mattresses/Real-estate option

Knoxville, TN (Knox County)

Seller Financing Available
Wholesale/Retail Mattresses/Real-estate option
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Asking Price: $249,000

Cash Flow: $179,203

Gross Revenue: $1,420,316

EBITDA: N/A

FF&E: $25,000

Inventory: $100,000

Real Estate: $349,000*

Established: 1998

*not included in asking price.

Wholesale/Retail Mattresses/Real-estate option

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Business Description

"Owner Financed Real-Estate Option"
Well established Knoxville TN wholesale and retail mattress business with revenues over $1.4 million and sellers discretionary cash over $179k. ($179k is after deduction for $31,224 payment if property is purchased) Business maintains an inventory of $100k. Sale includes a 24ft box truck and an 18ft box truck with a combined value over 20k.
Seller will lease the 12,000 sq. ft. location for $3k per month or sell the real-estate for $349k and provide 100% financing @ 6.5% for 20 years. Real estate was recently appraised at $370k.

Detailed Information

Location:
Knoxville, TN
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
12,000
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
12,000 square foot including warehouse and show room space. Strong visibility on main thoroughfare. Ample parking with loading dock for wholesale pick ups and deliveries.
Growth & Expansion:
Utilization of web site could provide a substantial increase in revenues.
Financing:
100% financing on realestate
Support & Training:
Owner will provide 90 days at no charge to assure you gain the knowledge and expertise to continue the business as he has for over 20 years.
Reason for Selling:
Health and family
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(from currently available funds)
 
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Darrel Sheley

Business Listed By:
Darrel Sheley

TNbusinessbrokers

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