Price Reduced to $1.1M for Quick Sale - Seller is tired and ready to retire and said “Let’s Price the business to Sell Now!” Wonderfully established business with a conservative projected adjusted net income for 2016 of $358,536.12. This business has almost 100,000 square feet of quality salable inventory in three locations with $500,000 of that being new furniture, this is not a typo! This is your opportunity to own this very popular furniture and accessory retailer in business since 1995. The business has a strong market presence and is #1 in their niche. With their loyal customer base, the gross sales of the business has remained constant even during the recession. There are a few Key employees that the seller states will remain which is a real benefit for a new owner. The seller feels that a hands-on operator with management skills and drive could take this business to the next level of success. In 2015 gross sales were $8.6m in 2014, $8.3m. This company has a strong history and with the right energetic operator in place this business presents an fantastic opportunity. Each store showroom is laid out nicely with vignettes displaying the furniture. The business enjoys a high margin on new quality furniture and zero carrying costs on the upscale resale furniture. The Seller has a staff of over 50 employees with a human resources department to manage the hiring of sales, maintenance and delivery personnel. This retailer offers both new and gently used high quality resale furniture with unique décor products and many one-of-a-kind items. The seller is now ready for retirement making this well-run, turn-key operation available to a qualified buyer. Land and Building at one location also available for sale not included in the asking price. This opportunity has been reviewed and pre-qualified by a national preferred SBA lender for an SBA loan. Excellent Books and Records! Proofs of funds are required for buyers wishing to obtain confidential information for review.

Posted May 20, 2016

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