Interior Design, Furniture Store & Remodeling Combo! (37997)

Florida

Seller Financing Available

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Asking Price:$1,350,000
Gross Revenue:$2,600,000
FF&E:$70,000
Cash Flow:$285,000
Inventory:$800,000
Established Year:1979
BUSINESS DESCRIPTION

Situated on Florida’s Western Coast, this business specializes in full-service interior design and home furnishing for both residential & commercial applications. The company sells top-of-the-line brand fixtures and materials from their retail location. By also providing light remodeling project services such as painting and floor work, the company thrives as an all-encompassing resource with top ratings and a longstanding reputation. With an excellent potential for extra sales through online orders, there is flexibility to grow the business in many directions. Revenues for 2023 totaled approximately $2.6 Million with SDE’s of $285,000. Available for optional purchase, the property is a collection of four buildings measuring about 23,200 square feet, two of which feature 12,000-sq.ft. of office space, showroom, warehousing and production area. The remaining two facilities offer an income stream if purchased; a clerical space of 3,200-sq.ft. leased for $1,000 monthly, and 8,000-sq.ft. of storage/development areas rented for $5,500 per month! Though the current ownership prefers to be involved in hands-on ownership, the skilled team of eight nonunion employees keep operations running smoothly allowing a good work-life balance for the ownership. After a negotiable transition period there are opportunities to streamline and gain partnerships post-sale. Besides their active website & social media engagement, marketing efforts currently focus on a 75-mile radius backed by verbal referrals from a large, recurring client base with avenues to expand the outreach exist via advertising.


DETAILED INFORMATION
Location
Florida
Inventory
Included in asking price
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Includes tenancy income up to $6,500 from two of the four owned properties totaling 23,200+/- square feet.
Financing
Standard SBA-term financing will be negotiable for qualified buyers.
Support & Training
After negotiable transitioning opportunities exist to streamline and gain partnerships.
Reason for Selling
Approaching retirement.
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Brian Stephens
IAG Merger
Brian Stephens