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Massive Regional Furniture Retailer - Virginia

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  • Listing# : 18279
  • Listed Price : $1,300,000
  • Total Sales : $3,518,410
  • SIC : 5712
  • Down Payment : $130,000
  • Status : Active
  • Discretionary Earnings : $539,267

Business Type :

Furniture Retail / Furniture Store

Business Description :

This large-scale regional furniture retailer was launched in 2013 and has been owned and managed by an experienced, successful entrepreneur who possesses over 3 decades in the furniture business.  As a consequence, all of the success ingredients are in place for new ownership -- an excellent community reputation, loyal, regional customer footprint, deep industry know-how, excellent supplier relationships, an extensive product offering of quality, well-known furniture brands, and a helpful, courteous delivery team.  All of this is marketed in a massive, comfortable facility loaded with ready-to-sell inventory.   

While all of the above is impressive, this business is also grounded on a customized, personal client interface that meets the furniture requirements of every room in the house or commercial space -- including dining, living, kitchen, study, recreation, bedroom, patio/pool, boardroom, training conference, or office -- all of which are supported by non-commissioned sales personnel and including free furniture delivery.  The extensive inventory selection covers the full gamut of features, price, design, and variety to meet a broad spectrum of customer tastes.   The results are impressive with 2023 top-line revenues of over $3.5M and bottom-line cash flow (after add-backs) of $539,000 ... which exceeds category average returns.

The seller is retiring from the business but is willing to stay involved in the operation for up to 6 months to ensure a successful, effective transition and to cross-train and transfer his lessons learned and best practices from over 3 decades in the furniture business.

Financing Package -- this business has been pre-qualified by two banks offering SBA business loan financing and working capital.  Applicants must meet bank approval criteria and undergo a formal bank underwriting process.  Complete details are included in the Confidential Information Memorandum (CIM) which will be provided after completion of the NDA package.  
   

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $1,000,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $100,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $1,100,000
    • Incl : Yes

Lender Prequalified: Yes

Similar Listing :

Furniture Retail