High-End Furniture Retail #66190
Mississippi
| Asking Price: | $3,475,000 |
| EBITDA: | $220,000 |
| Gross Revenue: | $1,900,000 |
| Established Year: | 1950 |
Listing ID: 2144664Listing provided by BizBuySell
BUSINESS DESCRIPTION
The Company is a leading high-end furniture retailer w/ 2 locations in
highly visible, upscale locations, and specializes in living room, dining
room, bedroom, home office, outdoor, and bathroom furniture. The
Company offers financing, and carries name brands such as Ashley
Furniture, Catnapper/Jackson, Leather Italia, Franklin, Standard Furniture
and Vaughan Bassett. Its 25,000 sq ft Showroom and Warehouse facilities
are well appointed and fully updated, and the Company maintains an
online presence updated with current offerings
ATTACHED DOCUMENTS
DETAILED INFORMATION
Location
Mississippi
Inventory
Not Included in asking price
Employees
4
Facilities
The Company currently owns and operates from two 25,000 square foot showrooms and warehouses.
Competition
*Scalable Operating Expenses: The Company has built an effective organization capable of sustaining projected growth. The Company maintains fixed operating expenditures, and future revenue growth will greatly improve profitability. Any increase in revenue will not result in meaningful changes to projected operating expenses.
*Steady Historical Sales Growth: Historical sales have grown from $1,889,000 in 2019 to $2,071,000 in 2021, representing a compound annual growth rate of 4.7%. Sales have grown consistently year over year in the historical period.
Growth & Expansion
> Hire Additional Employees
> Develop Sales/Marketing
> Additional Product Lines
Support & Training
Seller will provide whatever support and training is necessary for a proper transition.
Reason for Selling
Seller wants to focus on other life objectives.
Franchise
This business is an established franchise
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