Furniture Store in New England

Price: $2,366,000

Location: Northern New England

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.

Listing Details

Gross Revenue: $2,936,000

Cash Flow: $453,000

FFE: $293,000 (Included in Price)

Inventory: $1,053,000 (Included in Price)

Real Estate: $1,505,000

Reason For Sale:

Retirement

Training & Support:

Seller will assist

Operation

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

Location

Facilities Information:

The parcel of land also hosts a second, unrelated business that is producing rental income.

Summary

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.