Strategic Acquisition Opportunity: Central Florida Furniture Leader

Hillsborough County, FL

Seller Financing Available

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Asking Price:$10,000,000
Gross Revenue:$18,115,555
EBITDA:$837,402
Established Year:2010
Cash Flow:$977,235
Inventory:$2,500,000
FF&E:$500,000
BUSINESS DESCRIPTION

Situated in the dynamic and fast-growing Central Florida region, this distinguished furniture retailer has solidified its reputation as a leading destination for high-quality, stylish home furnishings. With a customer base that spans beyond the state of Florida, the business offers an extensive selection of furniture that seamlessly blends contemporary and classic styles.

A key asset of this business is its flagship location, which features a spacious 63,000 sqft showroom alongside a 60,000 sqft warehouse. This state-of-the-art facility is the operational heart of the business, showcasing a diverse range of products from custom furniture pieces to premium outdoor furnishings, all sourced from top-tier brands known for their quality and craftsmanship. The business is further supported by a robust online presence, including an interactive e-commerce platform that enables customers to explore customization options and make convenient online purchases.

Financially, this debt-free business has consistently achieved impressive revenue growth year over year, with annual sales well north of $15,000,000 for the past three years. It generates over a million dollars in cash flow annually, demonstrating its strong profitability. With a positive trajectory, the business is on track to exceed $20,000,000 in revenues in the coming years. In the first quarter of 2024 alone, revenues reached nearly $5,000,000, showcasing the business's continued growth and profitability.

For strategic buyers, this business represents a chance to enhance market share in a lucrative area, while private equity firms may see it as an excellent platform for further growth or a strategic add-on acquisition. The business has been financially reviewed by several banks, making it well-positioned for a range of financing options. The current owner is willing to consider seller financing based on the buyer’s qualifications and financial standing.


DETAILED INFORMATION
Location
Hillsborough County, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
135,000
Employees
30
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business operates from strategically placed locations, with over 75,000 sqft of showroom space alongside a 60,000 sqft warehouse.
Competition
The Central Florida market for high-quality home furnishings is thriving, fueled by rapid population growth and a booming real estate sector. This business holds a strong competitive edge with its extensive product range, blending contemporary and classic styles, and a well-regarded brand known for quality and service. With limited direct competition, the business stands out through its large showroom, exclusive product lines, and strong online presence.
Growth & Expansion
Growth Opportunities: The business is primed for growth through enhancing its online platform and opening new locations in high-growth areas. Expanding the product line to include office and outdoor furniture also offers significant potential, catering to the increasing demand for comprehensive home and work solutions. Cons: Expansion will require investment in inventory, marketing, and possibly new hires. While currently profitable, careful planning is needed to ensure growth without overextending.
Support & Training
As part of the sale, we will provide support and training across all business areas, including operations, customer service, and inventory management. The business runs efficiently with strong systems and an autonomous team, requiring minimal owner involvement. We will also be available for ongoing consultation to ensure a smooth transition and continued success.
Reason for Selling
Ready to retire
Franchise
This business is an established franchise
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Mohanad Rifaie
Mohanad Rifaie