Multi Location Furniture/Mattress Retailer
Asking Price: | $375,000 |
Gross Revenue: | $1,000,000 |
FF&E: | $35,000 |
Cash Flow: | $201,000 |
Inventory: | $60,000 |
Established Year: | 2013 |
High growth and margins!
(The zip code listed is incorrect, there are three locations spread out among Kansas City greater area, with future zip code growth as well)
This great 3 location retail business has been operational for over a decade but they are recently adding more locations, which is paying off extremely well! The model for opening more stores is efficient and cost effective, the seller has it down pat. The supplier is in the US and has inventory readily available. There is a box truck for deliveries from any of the stores, and a buyer wouldn't have to work in any given location but more so oversee the entire operation. The current owner only works 2-3 days a week, with adding a couple more stores a new owner could put in a regional manager and be absentee.
The economies of scale are really good, the more you have, the more % of operational costs go down like with advertising, delivery truck expenses, etc plus, better buying power the more the company grows.
This is a fantastic opportunity and with the type of business format it is, it works well in good and bad economic situations.
The inventory fluctuates widely depending upon the timing. If it's right after a large volume buy, it will be more than 50k, if it's at the end of the buying cycle, it might be slightly less.
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