Listing ID: 83204
This furniture business for sale is located in Northeast Mississippi and provides services for both business and residential customers. With a local population of 25,000, this business experiences a high rate of customer satisfaction as evidenced by glowing online reviews and referrals. Having been owned and operated by the same family for over two decades, the company is well established and has a fully trained staff of loyal and enthusiastic employees.
While there is competition, our business has a niche, diversified inventory offering to set us apart from the rest. This business for sale produces high revenues and cash flow.
Seller will also assist in transition and training for the new owner. Contact us today for more information on this listing, see its potential, meet the owner, make offer! After years in the industry, the owners are ready to retire to enjoy the fruits of their labor and pass this profitable business on to the right buyer. This opportunity is ideal for a hardworking professional with a background in retail or management.
- Asking Price: $699,000
- Cash Flow: $262,046
- Gross Revenue: $576,058
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2000
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:11,440
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
11,440 sq. ft. facility, located on .41 acres
Seller will negotiate a transition period
The business was founded in 2000, making the business 22 years old.
The business has 2 FTE, 2 PTE employees and is situated in a building with disclosed square footage of 11,440 sq ft.
The property is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell companies. However, the true reason vs the one they say to you may be 2 absolutely different things. For instance, they may say "I have way too many various obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may just be justifications to attempt to conceal the reality of altering demographics, increased competition, current reduction in earnings, or a variety of other factors. This is why it is extremely vital that you not rely entirely on a seller's word, but rather, utilize the seller's response along with your total due diligence. This will paint an extra reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Many businesses borrow money with the purpose of covering points such as supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can indicate that profit margins are too thin. Numerous businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that have to be met or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in brand-new clients? Many times, businesses have repeat customers, which form the core of their daily revenues. Specific factors such as brand-new competition sprouting up around the area, roadway building and construction, and also personnel turn over can impact repeat clients and also adversely affect future revenues. One vital thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business regularly, the better the opportunity to build a returning client base. A last thought is the basic location demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? Just how might the regional typical household earnings impact future earnings prospects?