(540) 354-2791 lewis@thehopkinsgroup.biz

Well Established Furniture Store for Sale (32 Years in Business)

Asking Price: $499,000                                         Annual Income: $745,923

Cash Flow: $150,000         FF&E: $3,000           Inventory: $120,000 (Included in Price)

Year Established: 1993                   Number of Imployees:   3

Real Estate:  (Leased – $5,200 / Month)

 Business Description:

This well-established furniture store is now for sale with 30+ years in the same high traffic location.

  • The current owner has developed a loyal and growing customer base by specializing in the sale of new custom upholstered furniture. 
  • Currently, selling four major furniture manufacturers with five-year warranties on their furniture.
  • Exclusive sales agreement with one of the major manufacturers who offers one-of-a-kind furniture.
  • Over 2,000+ fabrics for every item shown in showroom. All furniture is made in the U.S.A.
  • No need to inventory back stock in a warehouse or worry about inventory going stale or out of date.
  • No need for delivery vans or delivery personnel.
  • Delivery is outsourced to a long-established very reliable, customer-oriented delivery service who receives the furniture and schedules the delivery to customers.
  • This White Glove delivery service allows for sales/delivery to remote or distanced locations along the east coast.  Years of great working relationship with this delivery service.
  • Low cash on hand needed operationally — pay manufactures for products with customer’s order deposit. 
  • Collect customer payments just prior to delivery.
  • Ideal for an absentee owner.
  • Current owner works 2 days a week, but could handle bookkeeping, check writing, etc. in half day.
  • Ideal for family life. Operating hours – 10 am to 6 p.m.
  • Store Manager with 44 years furniture retail business experience will stay on if needed. 

Facilities & Assets:

  • This furniture store occupies 5,000 S.F.+/-  building and is located in a major commercial area.
  • The store has plenty of display space without having to carry extra inventory that would be needed for a larger space. 
  • The business faces a major street artery with plentiful parking at the rear of the building with easy access. 

 Market & Competition:

  • The company has occupied the current locations for many years and has loyal and repeat customers.
  • Located on a major, high traffic street. 
  • Easily accessed from interstate highways and other well-traveled streets.
  • Other high-end fabric and home furnishings retailers within 2 blocks draw more customer traffic. 
  • The market has other furniture stores; however, this company has created a profitable market niche that caters to customers looking for sofas and other furniture and accessories.
  • The company features many products that are made in the USA.

Growth & Expansion:

  • The company sees new growth and expansion opportunities with new product lines and is expanding new sales with easy-to-clean custom upholstered sofas and chairs.
  • Business caters to existing and repeat customers and enjoys many customer referrals.No digital or e-commerce marketing/advertising is currently being used and present an avenue for growth. 

Reasons for Selling:

The Owner is retiring after a long and profitable career.

Support & Training:

The Seller will train a new buyer during a predetermined transition period.

Financial Notes: SBA and other financing options may be available.

For More Information Contact:

Lewis Hopkins, ABI Business Broker

Phone: 540-354-2791

Email: Lewis@TheHopkinsGroup.biz