Hearth and Outdoor Furniture Company -- SE Virginia

Business
  • Listing# : 17129
  • Listed Price : $699,000
  • Total Sales : $1,260,173
  • SIC : 5712
  • Down Payment : $69,900
  • Status : Active
  • Discretionary Earnings : $253,611

Business Type :

Furniture Retail / Furn Retail Lawn/Patio; Retail Miscellaneous / Fireplaces; Interior Design/Dec

Business Description :

Located in the beautiful Hampton Roads peninsula of Virginia, this established, profitable, and successful home furnishings business has been warming clients homes and hearts since 1977.  Whether inside or outside, throughout spring, summer, fall, or winter, this business features products that help transform a house into a warm, inviting, and comfortable home.  The diversified product offering consists of both interior and exterior high-quality finishing touches, including gas, electric, and wood burning fireplaces/stoves, fireplace accessories, outdoor patio or pool furniture, hammocks, umbrellas, outdoor grills, and fire pits.   No matter the season, this business features year-round product offerings to make your home more enjoyable.   

During 2022, the business delivered a top-line revenue of $1,260,173 and over $250,000 in adjusted cash flow.  There are a number of significant value drivers powering these impressive results --  superb brand name recognition & equity, long-tenured, award winning community relations, excellent high-traffic location with an impressive showroom facility, high-quality products presented by professional, knowledgeable sales personnel, a custom design process for whatever project that is on the drawing board, and at-home installation, demonstration, and a post-sale service reputation second to none in the marketplace. 

The business model was founded on four proven, time-tested, and winning core values:

  • Expertise -- they understand the products they offer and develop client-centered solutions.
  • Integrity -- they value and promote honesty and transparency in all interactions with clients, staff, and suppliers
  • Quality -- they offer only products that work well, that are durable and long-lasting, and that satisfy a client's wishes
  • Service -- they provide expert guidance before, during, and after the sale ... and can service every product they offer.  
This is a turn-key opportunity with all ingredients in place to enable returns from Day One.   If you are looking for an established, profitable, well-known and respected hearth and patio home furnishing company ... this is your business.  

FINANCING AVAILABLE.  This business has been lender pre-qualified for up to 90% financing on a business loan to qualified candidates subject to full underwriting.  See term sheet in the Prospectus for additional details. 
  

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $750,000
    • Incl : Available
    • Inventory $98,514
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $50,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $148,514
    • Incl : Yes

Lender Prequalified: Yes

Similar Listing :

Furniture Retail, Retail Miscellaneous, Interior Design/Dec