$599,000
Business Type: Furniture Retail / Furniture Store
Furniture Retail / Furniture Store
RUSTICKS has been in operation since 1992 and has achieved
success by offering a truly unique mix of high-end furniture and accessories
that is a great fit for its location and the high-end customers it serves in
the resort community of Cashiers, NC. The business has received accolades in
magazines such as Veranda, Atlanta Homes and Lifestyles, WNC (Western North
Carolina) Magazine, Second Home and Laurel Magazine. It has grown from its
start in one small location to 7,200 square feet of showroom and warehouse
facilities. The scenic location on Cashiers Lake, and the unique and stylish
architecture of the business’s showroom give the business a special charm that
also attracts customers.The
business offers an outstanding growth opportunity in both the retail furniture
and interior design business. Cashiers is a hot growth resort area with
significant construction of new residential communities underway and planned. The
area is home for some of the top golf courses in the country and the world,
including three Tom Fazio designed courses. After an initial slowdown in sales in 2020 due to
COVID-19, sales grew rapidly. For the period of July-September 2020, total
sales are $566,268 as compared to $367,631 for same period in 2019. The
business could recognize a record year in sales and profits in 2020. As more
residents and visitors come to Cashiers and visit the business, word is
increasingly spreading across several states about the business and this is also
helping to increase sales.
The current owners operate the business for just seven months of
the year, May - November. Months of operation could be expanded to ten months,
March – December, and this would result in an immediate and significant
increase in sales and profit. Social media could be further leveraged to
increase awareness of the business and grow sales. A greater emphasis could be
placed on interior design services as the demand for design services is growing
with the significant new home development in the area.It is important to note that the business owner has
accepted a Letter of Intent(LOI) to purchase the assets of RUSTICKS. No other
offers will be considered unless the LOI is terminated and the buyer and seller
do not move forward to complete an Asset Purchase Agreement.
For inquiries or to get in touch with us directly, please feel free to reach out via the provided phone number or complete the form below. We’re here to assist you in any way we can, making your business exploration as seamless as possible.
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