Furniture Retail
Location Utah,United States
Asking Price Range $250K - $500K
Gross Revenues $386869
Net Profit / Cash Flow $98553
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2007
Number of Employees 1 - 3
Inventory 135000
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Negotiable as needed.
Reason for Sale Owners relocating.
Description This retail furniture business for sale has 2 locations in a centrally located Utah town, drawing customers from all over the surrounding county. They offer a nice selection of bedroom furniture, mattresses, sofas, couches, coffee tables, end tables, lamps, original and print art work, rugs and all types of decorating accessories. The seller opened a second location in July of 2009 to offer appliances in addition to the other products.
This is a family-operated business, with the husband managing one store and his wife managing the new location, which has much more square footage to display more inventory.
The purchase price includes the original location -- an historic building with great ambience and appeal as well as abundant parking in the rear. The seller will carry the contract on the real estate we well as offer some financing for the business. The second location has a very favorable lease. The financial projection for 2009 includes income and expenses for the new location. Asking price of $464,000 includes inventory and FF&E valued at $135,000 as well as real estate valued at $279,000.
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