Import Furniture Store - Wholesale
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $1226000
Net Profit / Cash Flow $365000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2002
Number of Employees 1 - 3
Inventory 65000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will train.
Reason for Sale Other ventures.
Description Direct Import - Wholesale to the public - Furniture store - Orange County. Opportunity to own a 66% to 69% gross profit margin direct importer of high quality, wholesale- price-to-the-public, tropical furniture store located in a furniture district of Orange County. They sell high quality solid teak and mahogany furniture, often incorporating materials of sea grass, water hyacinth, bamboo, and banana leaf materials. It is sold at discount prices. Owner says they charge 25%-40% less than other stores with similar furniture.
They purchase direct from manufacturers in Southeast Asia by the container, minimizing cost. Many of these manufacturers do not sell elsewhere in the USA, giving this store often unique and exclusive high quality furniture.
They have a 4000 SF showroom and a 3200 SF adjacent warehouse. The owner says, ''If you have it, you can sell it.'' They have a substantial backlog of special orders, enough to fill 3 containers. They also have 3 spots in a popular week-end venue outdoor marketplace and a commissioned sales person who runs it. These sales are included in the price.
Key is operating capital. It takes cash to the vendors up front and paying the balance before it hits the port. Owner pro-formas sales of $1.2 million, ordering 34 containers, with gross profit of $845,000. Owner says it would require $150,000 to $200,000 working capital. Merchandise turnover is high.
Owner had some misadventures bankrolling family members in their own businesses in 2004 and 2005 and had the capital to invest in only 11 containers in 2006, dropping his sales to $577,250. In 2005 they purchased 22 containers and had $905,650 in sales purchasing 22 containers. Owner is open to considering arrangement with buyer for him to continue buying in Southeast Asia. He also has other ventures to pursue. Contact for more information on this Import Furniture Store - Wholesale business for sale.
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