Listing ID: 76570
Seller Financing Available. Extremely strong, high volume and unique furniture business that has satisfied clientele all around the world. With a focus on rustic décor including furniture, antler lights, cabinetry, dining, and outdoor pieces, this turnkey business has had an 80% customer return rate for over 20 years. With at least 3 months of work on the books at any time, the trajectory of this business is limitless! It has remained successful throughout Covid with a steady increase in new-home build and remodeling orders as remote country and mountain homes are in demand. As a bonus, it is easily relocatable. There is literally no limit to where this business has been and will definitely go!
Seller Financing Available for a Well-Qualified Buyer!
Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! At Transworld Business Advisors, we are the most active business brokerage in the country – listing and selling the most businesses in the state. Get added to our buyer list today to receive notifications as businesses with your criteria hit the market!
- Asking Price: $385,000
- Cash Flow: $158,799
- Gross Revenue: $313,815
- EBITDA: N/A
- FF&E: N/A
- Inventory: $150,000
- Inventory Included: Yes
- Established: 1999
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Willing to train.
The company was started in 1999, making the business 23 years old.
The deal will include inventory valued at $150,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell operating businesses. Nevertheless, the genuine reason and the one they tell you might be 2 absolutely different things. For instance, they may claim "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may just be justifications to attempt to conceal the reality of altering demographics, increased competition, current reduction in revenues, or a range of various other reasons. This is why it is extremely vital that you not depend entirely on a vendor's word, but instead, utilize the seller's answer combined with your total due diligence. This will paint a much more sensible image of the business's present situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Numerous companies finance loans with the purpose of covering things such as inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that earnings margins are too thin. Many organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that should be fulfilled or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract brand-new consumers? Often times, businesses have repeat customers, which create the core of their everyday earnings. Specific aspects such as new competitors sprouting up around the location, road construction, and staff turn over can affect repeat consumers and negatively impact future profits. One essential point to consider is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business often, the greater the chance to construct a returning client base. A final thought is the general area demographics. Is the business situated in a densely populated city, or is it located on the outskirts of town? Just how might the local mean household income effect future income prospects?