Description

The Company operates six furniture stores that are all strategically located in one of the most important and largest metropolitan areas in the country. All stores occupy highly desirable Class A retail space on major highways, and are situated close enough together where they can be serviced by a single warehouse. The Company benefits from one of the top performing salesforces in their industry.

First Quarter 2016 sales are up 8% over 2015. Store size range from 20,000 sf - 60,000 sf. There has been over $5M in renovations to the store locations, and there is over $2M in FF&E.
Opportunity:
This Company is an ideal acquisition target for:
1. An existing retail company looking to expand its operation and take advantage of the great locations that can be serviced by one warehouse and benefit from this top performing, well-trained staff.
2. A retail company looking to diversify its product line and have a major presence in one of the largest MSAs in the US.
3. A retail company looking to grow by acquiring these very desirable locations and converting them to their products and/or services and take advantage of the existing retail- oriented staff.

Posted Sep 30, 2016

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