New London County, CT Furniture and Furnishings Stores For Sale

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Casual Furnishings Business-Unusually Profitable-Three States
$2,485,000Cash Flow: $543,668
Casual Furnishings Business-Unusually Profitable-Three States

Groton, CT

Major three location branded store for premium outdoor casual furnishings operating in two states. Revenues of $3,117,208 in 2017 with adjusted earnings of $543,268. This company is a consistent generator of adjusted earnings of +15% of revenues which is rare for such a business model. Opportunity for high income and take Winters off. Price includes $100,000 of inventory. Very high traffic locations at two state lines. This company is a standalone operating division of a larger holding company with unrelated business holdings. Real estate being sold separately with business for $2,825,000 (pending new appraisal). Unique business model which delivers an unusually good financial performance with growth. Real estate is being managed by a third party RI licensed broker. Recent leasehold improvements exceed $370,000. The main showroom is approximately 20,000 sf. with several other buildings (warehouse, tenant) having a total square footage of approximately 36,000 sf. on two acres of well maintained property. Two of the units are owner occupied the others are tenant occupied. Unusually profitable niche outdoor casual furnishings business with top branded lines and many repeat customers. Further upside possible by growing the existing high quality ecommerce web site as well as counter seasonal products. This highly confidential sale-one of the largest "business for sale" listings in the Northeast--is a potential match with strategic buyers, high net worth investors seeking to leverage their marketing abilities, and serious on-line investors who can transition a cash generating brick and mortar powerhouse to a major on-line presence. The level of cash flow, operating history, and the strong likelihood of SBA 504 with 7 (a) financing makes this an investment candidate for cash flow investors The marketing of this listing is supported by high quality CPA prepared financial statements. Executive summary provides detailed overview. Please contact us now for the executive summary. Very few listings in the Northeast market offer this combination of this level of cash flow with a high quality real estate asset.

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