Successful Multi-Location Specialty Home Decor and Gift Retailer
| Asking Price: | $1,600,000 | Inventory: | $548,905 ++ |
| Gross Revenue: | $1,816,873 | Real Estate: | n/a |
| Cash Flow: | $284,340 | FF&E: | $171,249 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This is a great opportunity for a buyer that wants to take over a successful, proven and profitable business operation. The owners of the business started five years ago with a great idea and have worked very hard to grow it to where it is today. The company now has nine retail locations in large high traffic indoor suburban shopping malls, upscale name brand outdoor outlet centers and trendy urban shopping districts. Same store sales continue to grow and they have opened 2-3 new stores each of the last few years. The company focuses on a particular theme of home decor items, accent furniture, gifts and collectables. They offer something for every shopper with a wide variety of products and various price points. They have developed a brand with name recognition and a reputation for quality and service. Own your own business, be your own boss and live the American dream.
Employees: 50
Employees: 50
About the Business
Year Established:2004
Employees:4 full time - 46 part time
Facilities:There are a total of nine prime retail locations. Each one is unique in terms of the size and layout of the store. They range from an 800 sf boutique type store to a 6,000 sf super store. All furniture, display fixtures, POS equipment and distribution equipment is included in the sale.
Market Outlook and Competition:This company currently operates in a tri-state market. The products they stock and sell in their stores have been researched to be in demand and turn over very quickly. There is no other multi-store retailer that sells the same broad product line that they do. A couple of national franchise retailers carry a limited line that crosses over and there are very few single store operators but they are not considered true competitors. Growth and Expansion: This growth company has opened 2-3 new locations each of the past few years. A new owner could continue this trend with the proven business model that is in place. The company can also continue to grow geographically into new markets that would also be successful. A web site has been established and with a focus on web based ordering the current sales volume could potentially double .
About the Sale
Management Training and Support:The seller wants the new owner to continue to be as successful as they have been. They are willing to train fo two weeks at no cost and are willing to continue in a consultant role after that at a rate to be agreed upon.
Reason For Selling:The founders/owners would like to simplify their lives and retire early.
Seller Financing:Seller is willing to finance a portion of the purchase amont.
KEYWORDS: Retail, Stores, Chain Stores, Mall Stores, Outlet Stores, Furniture, Cards, Collectables, Home Decor, Decorating, Gifts, Candles, Country, Crafts, Made in America,
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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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