Great Cashflowing Turnkey business in downtown Bellevue

Bellevue, WA
Curb Appeal corner storefront

Seller Financing Available

Asking Price:$365,000
Inventory:$2,500,000
EBITDA:$75,000
Established Year:1991
Gross Revenue:$90,000
Rent:$4,200/Month
FF&E:$15,000
BUSINESS DESCRIPTION

Luxury rugs & tapestries, with 40 years high end clientel list

Established Oriental Rug Gallery in Downtown Bellevue – $2.5 Million in Inventory, Excellent Cash Flow & Room for Growth

This well-established Oriental Rug Gallery has been a trusted part of the downtown Bellevue community for over 43 years. With a strong reputation, loyal clientele, and over $2 million in retail inventory, this is an excellent opportunity for a new owner to step into a business with great cash flow and room for growth.
Key Highlights:

43 Years in Business: A respected name in the community with decades of success in the luxury home décor market. Fantastic yelp reviews over 20+ years of history https://www.yelp.com/biz/oriental-rug-gallery-bellevue?osq=oriental+rug+gallery

$2.5 Million (1,300 pieces) in Inventory Included: The sale includes a vast collection of high-quality, handwoven rugs that have been carefully curated over the years.
Below-Market Rent: The current lease is below market value, offering an excellent opportunity to keep operating costs low while enjoying a prime location in downtown Bellevue.
Great Cash Flow: The business has consistently delivered strong financial results with a solid yield and profitable cash flow.
SBA Financing Opportunity: This is a prime candidate for SBA financing, making it a great option for buyers looking to secure a loan and take over a thriving local business.

Growth Potential:

Untapped Marketing Potential: The business has not invested in any marketing for over 10 years. With the right marketing strategy, there is substantial room for increasing visibility and attracting new customers.
Expansion Opportunities: There is significant potential to diversify the product offering, such as incorporating modern rugs and other home décor items to appeal to a broader audience.
Increase Online Presence: Expanding into online sales or enhancing the website could help grow the customer base and increase overall revenue.

This business offers an ideal entry point for someone looking to operate a profitable, established business in the luxury market with substantial upside potential. The combination of low rent, great cash flow, and significant opportunities for growth makes this a strong opportunity for the right buyer.

Contact today for more information on this turn-key business opportunity!


DETAILED INFORMATION
Location
Bellevue, WA
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,650
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Full furniture and set up, lighting, website & domain name,Trade name and Trade mark, $2.5m of inventory, 20+ years of customer lists, 40 years of financial records, supplier relationships
Growth & Expansion
Opportunities to expand into additional services, modern carpet types, other home furniture, no advertising has been done in 10+ years, owner is 75+ years old Revenue pre-covid was consistently $280,000+ per year, after covid due to owner semi-retirement and health issues, revenue has been reduced.
Financing
Seller financing available for up to 20% of purchase price at 0%
Support & Training
1 month training available, on-call for questions for 6 months
Reason for Selling
Ready to retire

BUSINESS LOCATION
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