Asking Price: $6,700,000

Gross Revenue: $3,584,000

Cash Flow: $763,000

Inventory: $1,100,000 (Not Included in Asking Price)

Second generation furniture retail store offers medium to high end residential furniture and related accessories. The business offers in home decorating and design services which incorporate the wide variety of furniture pieces and accessories into a custom designed setting for each customer. The Company extends credit to qualifying buyers and carries the accounts through final collection. Open Accounts Receivables are not included in the selling price.

Year Established: 1970

Employees: 7 full time - 4 part time

Facilities: The building contains 30,000 square feet of heated/cooled retail, office and storage space. An additional 4,000 square foot area used for shipping and receiving and inventory storage is not air conditioned. The building is a steel frame structure which has been erected on a concrete slab with an attractive glass front accented by colorful awnings and signage. The main showroom has an 11 ft. eave height which provides an interior dimension which is similar to most modern homes so that display areas are realistic in dimension and scope. The rear storage areas of the structure include a two level mezzanine storage area which served by an industrial size elevator allowing the movement of inventory pieces up to the second level of the facility. The interior showroom areas are carpet floors with acoustical ceilings and are protected by a fire suppression sprinkler system. Adequate warehouse area is a part of the building to allow storage of excess inventory of mattresses, chairs and other large pieces.

Market Outlook and Competition: The Company exceeds most of the local furniture retailers in volume sold, services offered to the customer base and convenient financing terms offered. Market outlook is good due to a loyal customer base of the business, the surging local building economy and the reputation established by the business over the last thirty years.

Management Training and Support: Owners are willing to stay through transition period.

Reason For Selling: The owners are ready to prepare for retirement. The business has been their main focus for the past twenty years and now is a good time to transition out of the business.