58 successful years in the furniture business! Excellent Opportunity to obtain profitable well established furniture store. In business for over 58! Years this store is on busy Hawthorne Blvd in Lawndale/Redondo Beach area. 2nd generation seller is retiring and selling the store. Close to $130,000 of inventory is included in price.
Excellent lease terms, sellers is a landlord, plenty of parking, own website, very busy street and great signage. Absentee owner is not involved in daily operations, sales people take care of customers, make orders, etc. Seller will provide training, introduce to wholesalers and may stay during the transition period. 8,000 sq. ft of retail space for only $8,000 including NNN.
Average monthly gross sales is around $80,000 -$90,000 and average net profit plus add-backs is around $15,000 -$17,000). Great opportunity for working owner (payroll to salespeople is $ 10,000). Run your own show and keep it all!. For more information, please email or contact Alex Levitan at 818-640-8080.