"PRICED FOR QUICK SALE" Furniture Store 29 Years in business
  • Listing Number:
    100010
  • Listing categories:
    Furniture Store
  • City:
    Huntsville
  • State:
    Alabama
  • Zip Code:
    35016
  • Asking Price:
    $1,500,000.00
  • Gross Revenue:
    $2,019,917.00
  • SDE / Cash Flow:
    $300,000.00
  • Business was established:
    1983
  • Number of Employees:
    5

Business Summary

This family-owned furniture store has been in business for over 33 years. They have experienced steady growth since the business began in 1983, and the facilities are representative of that. With a whopping 70,000 square foot showroom and sales floor, the business provides mid- to high-line furniture for living rooms, dining rooms, and bedrooms. They are also a licensed Big Green Egg dealer, for customers interested in top of the line grills. They are proud to carry top name brands, and these items are showcased on their website. The business is known for reliable delivery services, and have two modern delivery trucks for such tasks. The inventory is valued at $1.5million and is included in the sale price! With a Very Healthy Cashflow, Great Branding, and 33 Years in Business...this is a fantastic opportunity for any interested acquirer!

Facilities / Terms of lease

The facility that houses this business boasts 70,000 square feet, including 6 connected buildings that were added over the years to make accommodations for the increase in demand. The facility includes 3 updated restrooms for customers and employees. There is ample parking in the lot in front of the building, and additional parking on the side. There are 2 modern delivery trucks available for deliveries.

Potential

Within its 70,000 square feet facility, there is still room for growth and expansion for more inventory. The business currently does very little advertising, and receives most of its business from word of mouth accolades alone. Profits could easily be increased by expanding advertising to draw in customers from surrounding areas, such has Huntsville and Birmingham.

Competition

For the past 33 years, this family-owned business has remained the only furniture store in a 20 mile radius, its closest competition being in Huntsville. There are huge financial benefits from being located outside of the city limits, and this business is Only responsible for state taxes. The business carries top name brands including but not limited to: FlexSteel, Lane Furniture, Broyhill, Thomasville, etc. They are also a licensed Big Green Egg dealer. Additionally, the business is well-known for reliable delivery services.

Reason for Selling

Retirement

Support/Training

Currently, the business has 5 full-time employees who take care of sales and inventory stocking, and deliveries. The employees are willing to stay with the company through the introduction of new management. The owner has also agreed to stay on for an extended period to assist in any way during the transition.

Detail

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