Established Furniture Store in Steamboat Springs

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Successful Furniture Business in Steamboat Springs, CO
Asking Price:
$280,000

Gross Revenue:
$800,000
Cash Flow:
$85,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$76,000
included in asking price

FF&E:
$15,000
included in asking price

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Business Description

Live the dream and enjoy a great mountain lifestyle anchored by a thriving business. Sales up 20%+ in 2018. Alterra purchase of ski area and launch of new Ikon pass to accelerate growth in this Top 10 Ski Resort Town.

Founded in 1994, this business has a prime retail location and established clientele. Several exclusive lines are perennial best sellers in the market, and the community offers a sizeable and growing year round population as well as heavy visitation in both winter and summer seasons. The market for second homes and frequent turn-over in condominiums under-pins a strong market for furnishings and design.
The purchase price includes fixtures and inventory and the store location is exceptional. Adjacent to the premier supermarket in a plaza anchored by two national retailers and a variety of locally owned shops, the gallery is perfectly placed for exposure to the local market as well as visitors seeking groceries, restaurants and services.
The community has ample recreational opportunities, including cycling, skiing, fishing, equestrian and hiking. The schools are excellent and the economy diversified, making the town attractive to a growing number of location neutral businesses as well as the core trade in lodging, dining and recreation.

The business is priced with an inventory as valued by current financials, currently $76,000.

- Generates Excellent Gross Income and Cash Flow
- 24 Years in Business with Many Existing and Repeat Customers
- Exceptional Retail Location with Existing Lease and Option to Renew
- Popular Furnishing Lines with Proven Success in the Market
- Unrealized Growth Potential for the Design Side of the Business
- Owner Will Train and Aid in Transition

About the Business

Year Established:
1994
Number of Employees:
1
Real Estate:
Leased
Building Sq. Ft.:
3,000
Rent:
$5,100.00 Per Month
Lease Expiration:
9/30/2023
Facilities:
Showroom in prime retail location.
Market Outlook/
Competition:
Dealership has several lines that sell well in the market. Located in the largest shopping center in town, visited frequently by locals and visitors alike. Overall market showing strong growth and increase in real estate prices. New affiliation with Alterra Mountain Company and shared "Ikon" pass adding growth in desirable demographic.
Growth & Expansion:
Room for growth on the interior design side of the business.
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About the Sale

Training/Support:
Owner will train. Experienced manager on site.

Listing Info

ID:
1466032
Ad Detail Views:
787

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Business Listed by

Chris Paoli

The Paoli Group
License# FA. 100069610

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U.S. Census Data for Routt County, CO
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Routt County, CO
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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