Paul Lapidus & Edwin Pena | Port St. Lucie (FL) Business Brokers

Premier Northern NJ Furniture & Design Business Highly Profitable

Business Type: Furniture Retail / Furniture Store; Retail Miscellaneous / Retail Home Accessories

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 presenceExperienced 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

Get More Information

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.

(561) 662-1873