Furniture Store in Penobscot County, Maine
Price
$1,366,000
Location
Penobscot County, Maine
Industry
Retail
Listing ID
CM102122
This almost 50-year-old furniture store is well-placed on one of the state’s most heavily traveled roads with tremendous frontage and visibility. Because they concentrate on high-quality furniture that provide lasting value, they have been immune to the big-box discount stores that have moved into the area. They simply service a higher end clientele with higher grade products. Their massive warehouse includes furniture for living rooms, bedrooms, dining rooms as well as mattresses, furniture for the kid’s rooms, entertainment centers and occasional furniture from over 20 different manufacturers. The parcel of land also hosts a second, unrelated business that is producing rental income. Disclaimer: Information and financials provided by the sellers and Inbar Group has not audited them.
Real estate might be available. Incidental to the sale of the business. Seller estimates the value at $1,505,000. Subject to commercial appraisal.
Retirement
Seller will assist
The parcel of land also hosts a second, unrelated business that is producing rental income.
Because they concentrate on high-quality furniture that provide lasting value, they have been immune to the big-box discount stores that have moved into the area. They simply service a higher end clientele with higher grade products.
"*" indicates required fields
Price: $1,366,000
Location: Penobscot County, Maine
Industry: Retail
Listing ID: CM102122
This almost 50-year-old furniture store is well-placed on one of the state’s most heavily traveled roads with tremendous frontage and visibility. Because they concentrate on high-quality furniture that provide lasting value, they have been immune to the big-box discount stores that have moved into the area. They simply service a higher end clientele with higher grade products. Their massive warehouse includes furniture for living rooms, bedrooms, dining rooms as well as mattresses, furniture for the kid’s rooms, entertainment centers and occasional furniture from over 20 different manufacturers. The parcel of land also hosts a second, unrelated business that is producing rental income. Disclaimer: Information and financials provided by the sellers and Inbar Group has not audited them.
Gross Revenue: $2,936,000
Cash Flow: $453,000
FFE: $293,000 (Included in price)
Inventory: $1,053,000
Real Estate $1,505,000
Terms & Conditions: Real estate might be available. Incidental to the sale of the business. Seller estimates the value at $1,505,000. Subject to commercial appraisal.
Reason for Sale: Retirement
Training & Support: Seller will assist
Year Established: 1975
Year of Last Acquisition: 2001
Days & Hours of Operation: Monday-Saturday 9:00-5:00 Sunday 10:00-5:00
Owner Hours Per Week: 40
Non-Owner Payroll: $12,125
Employees: 11 (9 FT & 2PT)
Managers: 1
Facilities Information: The parcel of land also hosts a second, unrelated business that is producing rental income.
Competition: Because they concentrate on high-quality furniture that provide lasting value, they have been immune to the big-box discount stores that have moved into the area. They simply service a higher end clientele with higher grade products.
"*" indicates required fields
New York, NY 10001
Price
$1,366,000
Location
Penobscot County, Maine
Industry
Retail
Listing ID
CM102122
This almost 50-year-old furniture store is well-placed on one of the state’s most heavily traveled roads with tremendous frontage and visibility.
Because they concentrate on high-quality furniture that provide lasting value, they have been immune to the big-box discount stores that have moved into the area. They simply service a higher end clientele with higher grade products.
Their massive warehouse includes furniture for living rooms, bedrooms, dining rooms as well as mattresses, furniture for the kid’s rooms, entertainment centers and occasional furniture from over 20 different manufacturers.
The parcel of land also hosts a second, unrelated business that is producing rental income.
Disclaimer: Information and financials provided by the sellers and Inbar Group has not audited them.
Real estate might be available. Incidental to the sale of the business. Seller estimates the value at $1,505,000. Subject to commercial appraisal.
Retirement
Seller will assist
The parcel of land also hosts a second, unrelated business that is producing rental income.
Because they concentrate on high-quality furniture that provide lasting value, they have been immune to the big-box discount stores that have moved into the area. They simply service a higher end clientele with higher grade products.
Main Office
Administration and Mail
209 West 29th Street
Suite 318
New York, NY 10001
Phone: 212-473-5000
Connecticut Office - Hartford
1245 Farmington Ave
Suite #302
West Hartford, CT 06107
Phone: 860-474-8000
Pennsylvania Office - Pittsburgh
1001 Liberty Ave, 5th Floor
Pittsburgh, PA 15222
Phone: (215) 461-5000
Pennsylvania Office - Philadelphia
Two Liberty Place
50 South 16th Street
17th floor
Philadelphia, PA 19102
Phone: 215-388-2334
Certified M&A Professional
