Highly Profitable Furniture/Bedding Discounter
| Asking Price: | $1,500,000 | Inventory: | |
| Gross Revenue: | $2,200,000 | Real Estate: | n/a |
| Cash Flow: | $550,000 | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
This well known discount furniture and bedding company has supplied the Baltimore area with quality furniture and mattresses for over 20 years. Strong first quarter numbers are higher than the same period last year and they have an inventory that turns rapidly throughout the year. They sell furniture and mattresses at wholesale prices because of their unique buying power and the amount of inventory they can hold due to their warehouse capacity. Because of this they are able to market and sell to a diverse customer base spanning all income levels. They pride themselves on exemplary customer service and a flexible return policy which has guaranteed them a loyal following of customers who know they will be treated fairly and honestly. This company does business with the homeowner as well as institutions and agencies throughout the Mid Atlantic region. As well as selling to the public, this company also sells to some of the largest hospitality, medical and non profit organizations in the country. The business is priced based on the robust Sellers Discretionary Earnings and excellent return on working capital.
About the Business
Year Established:1987
Employees:6 full time - 2 part time
Facilities:Excellent warehouse and retail facility
Market Outlook and Competition:Excellent opportunity for growth.
About the Sale
Reason For Selling:Retirement
Seller Financing:seller will consider some owner financing with appropriate collateral
KEYWORDS: Furniture, Bedding, Discount Furniture, Discount Bedding, wholesale furniture, retail furniture
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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