S431 - High Margin, Unique Furniture Retail

High Margin, Unique Furniture Retail with Increasing Sales

Location

City South Texas
State TX
County

Financial Information

Asking Price $1,200,000 plus inventory Show Loan Calculator
Down Payment
Annual Receipts $2,230,300 ('15)
Cash Flow $498,700 ('15 Annualized)

General Information

Description This unique furniture store has multiple locations with an office manager in place. It has been in business for over 10 years with increasing sales each year. The business has been successful for several reasons including - the high quality and exclusive type of furniture offered, the consultative sales approach used, and continued development in the area where the stores are located. The owner has a well-trained staff and has been able to pull back from the day to day operations. The business has grown considerably in the last few years and has a total of about 12,000 square feet currently. There are several exclusive furniture distributor relationships in place preventing competition from moving into the area. The owner is selling so they can retire and is willing to work with the new owner for a comprehensive training and transition that will explain the business processes in place and introduction to vendors. The owner will sign a meaningful non-compete. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities. Contact Doug Scheiding for more information at 210-348-8989 or info@bbofsa.com.
Reason For Sale Retirement
Franchise No
Home Based No
Relocatable No
Year Established
Year Acquired
Employees 7 FT 1 PT

Building Information

Building Sq. Footage 12,000 sq ft
Monthly Rent $18,404 per month
Real Estate Available No

Contact Business Brokers of San Antonio for more information.