Business Overview

The company is a full service furniture and mattress retail business serving customers throughout the Portland and Vancouver metropolitan area for over 15 years. The company offers a variety of high quality furniture and mattresses from various well-known brands. The company is known for providing top notch customer service at competitive prices. All assets needed to operate the business are included in the sale.

Financial

  • Asking Price: $1,600,000
  • Cash Flow: $529,000
  • Gross Revenue: $1,887,000
  • EBITDA: N/A
  • FF&E: $50,000
  • Inventory: $298,000
  • Inventory Included: N/A
  • Established: 2005

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The company operates from leased space through May 2027. The lease can be assigned to a qualified buyer with landlord consent.

Is Support & Training Included:

The owner will provide transition support to the buyer.

Purpose For Selling:

Relocation

Pros and Cons:

Other furniture stores exist in the region.

Opportunities and Growth:

The company has various opportunities for growth.

Additional Info

The business was established in 2005, making the business 17 years old.
The sale shall not include inventory valued at $298,000*, which ins't included in the suggested price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell operating businesses. Nevertheless, the true factor and the one they say to you might be 2 completely different things. For instance, they might state "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be reasons to try to conceal the reality of transforming demographics, increased competition, current reduction in profits, or a variety of other reasons. This is why it is really crucial that you not depend completely on a vendor's word, however instead, make use of the vendor's solution along with your general due diligence. This will repaint an extra realistic picture of the business's current situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Many businesses borrow money with the purpose of covering items such as stock, payroll, accounts payable, etc. Remember that occasionally this can imply that earnings margins are too thin. Many organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that must be satisfied or may lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area attract new clients? Many times, businesses have repeat consumers, which develop the core of their day-to-day profits. Particular aspects such as new competition sprouting up around the area, roadway building and construction, and employee turnover can influence repeat clients and adversely affect future profits. One essential thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business often, the higher the chance to build a returning consumer base. A final thought is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? Just how might the local mean family earnings effect future revenue potential?