Premier Northern NJ Furniture & Design Business Highly Profitable

Business
  • Listing# : 18143
  • Listed Price : $899,000
  • Total Sales : $2,430,921
  • SIC : 5712
  • Down Payment : $89,900
  • Status : Active
  • Discretionary Earnings : $406,535

Business Type :

Furniture Retail / Furniture Store; Retail Miscellaneous / Retail Home Accessories

Business Description :

High Quality and well-established Northern NJ store at new lower price, provided over $300k of cash flow in 2023. Lender pre-qualified, can be purchased with only $89,900 down.

The business has been a staple in a thriving downtown shopping area for over 30 years. Serving home and office needs the store features

·         Furniture for home and office

·         Floor coverings,

·         Lighting and décor.

·         Custom woodwork and interior design services also available for that special project.

·         Small gift and décor, including seasonal items, drives foot traffic to the store.

·         An established online presence

Experienced staff serves  primarily residential and some commercial customers across the tri-state area. Loyal customers keep coming back for the quality and consistency of products and services offered. A robust website provides online browsing of larger pieces and online shopping for décor and gift items. 

This business consistently generates more than $2.4m in revenue for the last several years  and includes:

·             7000 sq ft showroom with dedicated space for interior design services

·             2025 sq ft warehouse, nearby for receiving and fulfilling orders.

·             Over $400k of assets (showroom inventory, store/warehouse furniture and fixtures, delivery vehicles.)

Current owners have been in place for 16 years and are ready to retire. Now looking for a new owner operator or business owners looking for expansion or diversification opportunity for existing company

 

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $300,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $95,000
    • Incl : Yes
    • Other: $10,792
    • Incl : Yes
    • Leasehold $35,000
    • Incl : Yes
    • Total Assets $440,792
    • Incl : Yes

Lender Prequalified: Yes

Similar Listing :

Furniture Retail, Retail Miscellaneous