Luxury Furniture Store Affords Absentee Ownership at SIX-Figures!
| Asking Price: | $1,200,000 |
| Gross Revenue: | $2,800,000 |
| EBITDA: | $450,000 |
| Cash Flow: | $450,000 |
| Inventory: | $1,800,000 |
| Established Year: | 2009 |
The company was originally founded in 2009 and was purchased by current owners in February, 2022. The business sells high-end furniture, décor and lighting from 2 retail storefront locations in the Memphis metro area. High End real estate areas.
January, 2023. Opened 2nd location. The idea with this location was to specialize in higher end products catering to designers and wealthy clientele. The total square footage is 13,000 square ft with approximately 10,500 sq ft being sales floor space.
In April, 2023 the original location was moved to its present location. There is approximately 22,000 sq ft and of that 12,000 sq ft is being utilized as sales floor space.
Owners have processes in place to allow them to manage off-site. Seller have data to show financials and add backs which amount to over $400,000.
This is what you’ve been looking for!
Best course of action is to fill out NDA/ Buyer profile; review broker IM and data; then set up with broker to visit immediately with the Seller on site. A site visit paints a million words in this case!
Buyer is motivated!
Contact DOUG MORRIS with a text at 901-377-8528 or email at dougmorris.lh@gmail.com.
