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Listing ID: 2920371

Very Profitable Furniture Stores For Sale

4520 Monroe Rd. Charlotte, NC 28205 / 21348 Catawba Ave Cornelius, NC 28031, Charlotte, North Carolina, United States

$ 950,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 1,400,000

Cash Flow: $ 390,000

Business Description

Asking Price: $950,000
Cash Flow: $390,000
Gross Revenue: $1,400,000
EBITDA: $840,000
FF&E: $75,000
Inventory: $3,000,000
Lease Rate: $4,200 /Year
Established: 2014

Business Description
Ready to let it GO!
Original furniture business established in 1994, reaching sales of over $6,000,000 annually. Reestablished/re-branded in 2014. Last year sales were at $1,400,000....with much growth anticipated with new energy and new ownership. Long time relationships with higher end furniture brands transferred to you. Unlimited growth at your fingertips. So fun...everyone loves this business model because it's a WIN-WIN! The customers pays half price but you make crazy margins!!!! Nothing like it out there, if you take this to different states, other than NC (furniture capital of the world) you will become crazy rich....think Marshalls/TJ MAXX of the furniture business and we can teach you how to do it. This is just the ice cap to the huge ice burg that is waiting to build your BANK ACCOUNT! Incredible money making machine! Easy business to adapt to quickly. Roll this into internet sales quickly to quadrupedal your returns. Inventory is amazing, estimated value of $3,000,000 PLUS PAID FOR, you are walking into a gold mine.

I love the business but am ready to retire and slow down. Will stay on to transition new ownership.

Detailed Information
Inventory: Included in asking price
Real Estate: Leased
Building SF: 25,000
Lease Expiration: 12/31/2021
Employees: 15
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities:
Two locations with long leases in place with over $25,000 sq. ft. at each location. Leases are the best you will find in the area ONLY $4,200 a month at each location. Inventory levels are at an all-time high, over $3,000,000 in inventory paid for in FULL. Amazing finishers/repair people and upholstery staff/craftsmen/managers...all long time employees.
Competition:
Both business are in prime, hot locations. We have a STRONG NICHE in the business which helps create great buzz and gives us an advantage over other stores. This business has only began to scratch at it's over all potential. Sky is the limit on what new blood could do with this fantastic and fun opportunity!
Growth & Expansion:
International internet expansion would be amazing! Other state expansion would be explosive.
Support & Training:
Wonderful staff in place that would completely support new ownership. Easy business to adapt to, the owner will assist in all areas of the business for the first few months to help you transition into this fabulously fun industry. 25 years of relationships with high end brands transferred over.
Reason for Selling:
Retirement

Please contact us for details.

Property Details

Size:

50,000 sq ft

Years Established:

24

Property Type:

Lease

FF&E:

$ 100,000

Inventory Value:

$ 3,000,000

Other Details

Business Location:

Two locations with long leases in place with over $25,000 sq. ft. at each location. Leases are the best you will find in the area ONLY $4,200 a month at each location. Inventory levels are at an all-time high, over $3,000,000 in inventory paid for in FULL. Amazing finishers/repair people and upholstery staff/craftsmen/managers...all long time employees.

Premise Details:

Both business are in prime, hot locations.

Competition:

Both business are in prime, hot locations. We have a STRONG NICHE in the business which helps create great buzz and gives us an advantage over other stores. This business has only began to scratch at it's over all potential. Sky is the limit on what new blood could do with this fantastic and fun opportunity!

Expansion Potential:

International internet expansion would be amazing! Other state expansion would be explosive.

Operation Details

Employees:

15

Trading Hours:

Monday: 10am - 6pm Tuesday: 10am - 6pm Wednesday: CLOSED Thursday: 10am - 6pm Friday: 10am - 6pm Saturday: 9:30am - 6pm Sunday: 1pm - 5pm (Monroe Rd only)

Support & Training:

Wonderful staff in place that would completely support new ownership. Easy business to adapt to, the owner will assist in all areas of the business for the first few months to help you transition into this fabulously fun industry. 25 years of relationships with high end brands transferred over.

Relocatable:

Business Relocatable

Miscellaneous

Financing Available:

Yes
TBD

Reason For Selling:

Retirement

Contact this seller

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