High-Quality One-Of-A-Kind Furniture & Accessories (17918)
| Asking Price: | $425,000 |
| Gross Revenue: | $325,000 |
| FF&E: | $60,080 |
| Cash Flow: | $60,000 |
| Inventory: | $170,000 |
| Established Year: | 2003 |
Enriched with culture, this popular tourist destination is located south of Tuscon, Arizona and has many festivals and events. This unique furniture and furnishings store includes three revenue streams. the company is a profitable retailer of imported unique furniture, lighting fixtures, area rugs, and other accessories. Primary products consist of one-of-a-kind pieces such as sofas, beds, chairs, tables, other furniture, mirrors, plants, and more. In addition to retail products, services such as window treatments, interior design, and specimen trees are also offered. An in-house interior designer is contracted and likely to remain post-sale. Furniture and accessory sales comprises approximately 75% of revenues, other services make up approximately 15% of sales. This is a great opportunity for lifestyle buyer as it sits in an area rich in historical culture and art, with plenty of recreational activities to entertain the family. The well-located retail location stands in a popular shopping center, totaling 1,800 square feet. This location provides plenty of visibility for foot traffic from local residents and visitors shopping for unique furniture and household items.. As the community expands with new neighborhood developments, targeting affluent new residents offers a great opportunity for this business. The owners currently provide sales support, inventory management, purchasing, and general oversight. Growth opportunities include expanded product offerings, additional staff, marketing, and e-commerce. Additionally, the seller’s health limits the focus on the company, increasing hours of operations to 5 or 7 days a week would certainly grow the business. This retailer has above average profit margins. Sales forecast for 2023 look steady with the 2022 revenues of $325,000 providing profits of $60,000. With its wide range of products, the minimal marketing efforts focus on targeting repeating business utilizing direct sales, social media, and email marketing.
