Furniture Store in New England
Price: $1,366,000
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
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.