Flexsteel Furniture Gallery

Oakland County, MI

Seller Financing Available

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Asking Price:$575,000
Gross Revenue:$1,065,357
Rent:$9,400/Month
Cash Flow:$238,825
Inventory:$85,000
Established Year:1995
BUSINESS DESCRIPTION

This is a great opportunity to own a well-established, well-known Flexsteel Furniture Gallery & Interior Design Studio in Oakland County. Established in 1995, this 6,000 sq. ft. facility specializes in Upholstery, Case-goods, Rugs, Home Accessories, Interior/Exterior Lighting along with Interior Design & Renovation Services. Known for their exceptional work in creating beautiful and functional spaces with a focus on quality and attention to detail that can cover one room to an entire house. Current owner does minimal advertising…a new owner/operator with some creative advertising/marketing along with offering additional retail and services, joining the Chamber of Commerce and opening satellite locations, you have HUGE potential to the already solid gross sales and cashflow. Seller willing to stay on board through the transitional period. A must see/must have business that will not disappoint or last long. Turnkey operation only needing a new owner/operator. Seller financing is available along with training. Call Armen Nazarian Business Brokers


DETAILED INFORMATION
Location
Oakland County, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
6,000
Employees
5
Facilities
Established in 1995, this 6,000 sq. ft. facility specializes in Upholstery, Case-goods, Rugs, Home Accessories, Interior/Exterior Lighting along with Interior Design & Renovation Services. Known for their exceptional work in creating beautiful and functional spaces with a focus on quality and attention to detail that can cover one room to an entire house.
Growth & Expansion
Current owner does minimal advertising…a new owner/operator with some creative advertising/marketing along with offering additional retail and services, joining the Chamber of Commerce and opening satellite locations, you have HUGE potential to the already solid gross sales and cashflow. Seller willing to stay on board through the transitional period.
Financing
$575,000 with $175,000 down. 8% int., amortized over 180 months
Support & Training
Seller will Train
Reason for Selling
Semi Retiring
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Armen
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Armen Nazarian