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71313-New York Furniture Retailer With Real Property For Sale

Western New York, New York, US
Asking Price:
$698,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$341,000 (USD)
Cash Flow:
$44,000 (USD)

Property and all assets included! Founded in 1955, the company is a well-established Western New York home furnishing retail location offering furniture and accessories for living rooms, dining rooms, bedrooms and kitchens. The store’s feature product lines are upholstery services, which provide the top revenue source of 67%. The sale of La-Z-Boy chairs, bedding and window treatments are other popular products that, with a inventory value of $121,000 placed on March 2019, offers a wide range of new and used inventory for sale. Included in the asking price along with its stock is the retailer’s prime central location that reaches to three surrounding counties; it contains a showroom and two storage and warehouse spaces, valuing the property at $380,000. Maintaining its focus on quality, the company’s strong seven-decade reputation foresees excellent opportunities for growth through additional marketing efforts using internet and social media. Owner is motivated to sell, agrees to remain for a transition period and is open to self-financing. Last fiscal year the Company generated $341,000 of revenues with SDE of $44,000, showing a 12% revenue growth!

Property Information

Real Estate:

Real Property Included

Business Operation

Reasons for selling:

Approaching retirement

Trading hours:

Monday-Friday 9-5:30, Saturday 9-3

Employees:
2
Years established:
1967

Other Information

Support & training:

The owner is available for a standard transitioning period up to one year.

Financing available:

Negotiable for the right buyer

Furniture / Fixtures value:
$54,000 (USD) - included in the asking price
Inventory / Stock value:
$125,000 (USD) - included in the asking price

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