Listing ID: 79165
Strong sales and great operation.
Full team in place.
This company caters to homeowners seeking to bring value and comfort to their homes in ways that reflect the homeowner’s personal tastes and suits their unique lifestyle.
This company takes pride in listening to its customer’s ideas and needs. They seek to exceed expectations of their customer’s visions of a beautiful home.
They sell furniture, decor, fixtures, and provide interior design services by skilled staff members. You do NOT need to be an interior designer to own this business. Employees are in place and one can also find replacements if needed.
Text 813-571-7700 for quick information on listing number 883-90369.
- Asking Price: $1,200,000
- Cash Flow: $560,000
- Gross Revenue: $1,930,000
- EBITDA: $510,000
- FF&E: $150,000
- Inventory: $250,000
- Inventory Included: N/A
- Established: 1962
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
Beautiful retail space with excellent visibility to attract great customers. This business is well known legacy. Its strong customer service and great location give it a distinct edge over the big box furniture stores.
The owner will include two weeks of training as part of the listing price.
Ready to retire after a lifetime of working the business.
They have a distinct competitive edge and room to grow. You must check this one out.
Bring your business development and marketing skills to take this to a whole new level. Reach out to us to learn more.
The company was founded in 1962, making the business 60 years old.
The sale won't include inventory valued at $250,000*, which ins't included in the listing price.
The company has 8 employees and resides in a building with approx. square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell operating businesses. However, the true factor vs the one they tell you may be 2 completely different things. As an example, they may say "I have too many other commitments" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might simply be reasons to try to conceal the reality of transforming demographics, increased competitors, recent reduction in earnings, or an array of various other factors. This is why it is extremely essential that you not depend completely on a seller's word, but instead, make use of the seller's answer together with your general due diligence. This will paint an extra sensible image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses take out loans in order to cover points like inventory, payroll, accounts payable, etc. Bear in mind that sometimes this can mean that revenue margins are too small. Lots of organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that should be met or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract brand-new customers? Often times, operating businesses have repeat clients, which develop the core of their day-to-day revenues. Certain variables such as new competition growing up around the location, road building and construction, as well as personnel turnover can impact repeat consumers and also negatively influence future revenues. One vital thing to think about is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business on a regular basis, the better the chance to develop a returning consumer base. A final idea 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 typical household earnings effect future revenue prospects?