Furniture & Home Decor Retailer - Seller Financing Available

Augusta, GA

Seller Financing Available

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Asking Price:$1,100,000
Gross Revenue:$2,665,666
Rent:$10,541/Month
Established Year:2011
Cash Flow:$350,000
Inventory:$624,000
FF&E:$60,000
BUSINESS DESCRIPTION

Company Overview:
The business was established in 2011 to serve the home décor needs of consumers in the Central Savannah River Area (CSRA). A leader in the home décor space, the company offers a distinct range of new, gently used, and consigned furniture, along with home décor accessories. It is renowned for both quality and affordability and has two locations strategically located for future growth.
Opportunity:
With two strategic locations, experienced management, and stable revenue streams, this acquisition presents an appealing opportunity for anyone seeking to enter the retail home décor space or an existing retailer seeking to expand through acquisition. With its unique product range, strong reputation, strategic locations, and stable revenue stream, acquiring this thriving business creates a tremendous opportunity for long-term business growth. $624,000 of inventory is included in the asking price.
Investment Highlights:
• Diverse product offering
• Established market presence
• Two strategic retail locations
• Competitive pricing and strong value proposition
• Strong mid-level managers at both locations
• Well-established business with consistent demand
• Located in a high growth community (CSRA)


ATTACHED DOCUMENTS
NDA - 1003.pdf Download

DETAILED INFORMATION
Location
Augusta, GA
Inventory
Included in asking price
Real Estate
Leased
Building SF
11,000
Lease Expiration
06/09/2034
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Augusta: 11,000 sq. ft. building. 5-year lease with 5-year option assumable lease and rent of $10,541 per month. Aiken: 14,000 sq. ft. building. 5-year with 5-year option assumable lease and rent is $11,667/month.
Competition
The competitive advantage of the business lies in its unique value proposition of offering a diverse selection of new, used, and consigned furniture at competitive prices. Additionally, the CSRA continues to grow due to a robust military community, healthcare and numerous large corporations.
Financing
SBA pre-approved. The seller is also willing to offer seller financing.
Support & Training
The seller will provide a training and transition training for a negotiated amount of time based on the buyer's needs.
Reason for Selling
The owner is seeking to pursue other business interest.
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Mordecai
Evans
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Mordecai Evans