Furniture Store - Great Location, Great Upside
Location California,United States
Asking Price Range < $250K
Gross Revenues $420000
Net Profit / Cash Flow $75000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2004
Number of Employees 1 - 3
Inventory 92000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will provide training.
Reason for Sale Pursue other business.
Description PRICE REDUCED!!! Incredible Opportunity, Furniture and Rug Store with great location, is on track to make over $140,000 in 2007!!! The low price is misleading for this store. Store was absentee-owner managed in 2006 and sales and profit were down over previous years. Since, returning to manage, the owner/ manager has increased sales and profits dramatically. Additional profits can be made since customers must currently pay all cash. However, the demographics of the surrounding customer base would dictate changing the business model to include finance charges, which would quickly increase sales and would significantly increase the profit per sale. The company_Ts financial information is very complete with a receipt available for every sale and a vendor invoice for every purchase since it started. Owner intends to move out of state in the near future and must sell in order to complete his life plans. This is a great opportunity at a great price. Make an offer on this one before it is too late. 50% Bank financing is available to a buyer with good credit. The annual sales and discretionary earnings are projected. Call Roger Civalleri or Jahmena Wright at (310) 539-8300.
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