New Price - Profitable, Well Est. Furniture Liquidator

Georgia

Asking Price:	$2,000,000
Gross Revenue:	$3,450,477
FF&E:	$114,300

Cash Flow:	$579,311
Inventory:	$125,000
Established Year:	1996

Listing ID: 2106852Listing provided by BizBuySell

BUSINESS DESCRIPTION

Profitable and well established furniture liquidator company. The current owner purchased the company in 2008 and has grown it from $156,000 to $3.5MM in revenue in 2023. The business generates revenue through contracts with general contractors renovating hotel properties and through selling used furniture. The furniture to be sold as used furniture is sourced from those hotels when hotel owners have their properties renovated. The removed/used furniture is sold either wholesale to other hotels, motels, timeshares, condos or apartment complexes; or retail to the general public. The company has become one of the largest sellers of used hotel furniture in the Southeast and East Coast.

DETAILED INFORMATION

Location

Relocatable

Inventory

Included in asking price

Real Estate

Leased

Building SF

100,000

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

The company operates its retail sales and moving and storage warehousing services from a showroom/warehouse in the Metro Atlanta area. The company has over 15,000 direct sales contacts and 300+ hotel renovation relationships and industry connections.

Competition

The company’s business model operates as a combination of renovation construction and used furniture sales. This business is different from the traditional retail furniture industry, where its sales are tied to the housing market. The core of this business revolves around hotel renovations and used furniture sales. The performance of the hotel industry is a major factor in its success as it is the primary source of its subcontracting services and used furniture sales.

Growth & Expansion

The company has significant upside and is poised for growth. There is as much business out there as the new owner wants to go and get.

Financing

Lender pre-screened with $200K down.

Support & Training

Will train for 8 weeks @ $0 cost.

Reason for Selling

Retirement.

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