Famous Furniture Store! Price Reduced! $300k Inventory!
Listing Number: 189597-862666
Listing Details
- Down Payment: $599,000
- Sales: $1,800,000
- Seller's Discretionary Earnings: $250,000
- Inventory: $300,000
- Furniture, Fixtures, and Equipment: $50,000
- Rent: $30,000
- Employees: 4
- Year Established: 1975
- Reason for Selling: Retirement
Business Description
Great Deal! Price Reduced! Owner wants to retire! Known for its famous commercials, this iconic 22,000 sq. ft. furniture store has been in business for over 50 years and currently generates $2 million in annual sales with no advertising. The store includes $300,000 in inventory and has a couple long-term employees, each with over 20 years of experience. The current owner is retiring but will provide up to six months of training to ensure a smooth transition. The business has long-standing supplier relationships which will continue. It is located on a busy highway, and the property owner will offer a long-term lease below market value!!! With no current marketing efforts, a new owner has the opportunity to increase sales through advertising and online expansion.