Appliances and Furniture Store in Jax

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Motivated seller- Buyer's Agent Incentive-Highly profitable business
Asking Price:
$380,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
$150,000
Inventory:
$150,000
included in asking price

FF&E:
$12,000
included in asking price

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Business Description

Well known established appliances and furniture store located in the Greater Jacksonville area of a busy shopping mall.

This retail space is strategically located near interstate 295 off a high traffic main road.

The business has been so successful that the owner has been able to expand from exclusively selling appliances to also providing repair and maintenance services, as well as selling brand new furniture, including outdoor and patio furniture.
Adjacent space of almost 2,000 sq. ft. next to the storefront (over 3,000 sq. ft.) is for repair and maintenance services.

Business also supplies as a wholesaler being so profitable at this that there is one major (current and transferable) supplier contract that has the owner earning between $15,000 to $30,000 monthly. The owner has chosen to use it as residual income without taking away from the business operations.

Hundreds of thousands of dollars of inventory already included in the asking price as well as equipment including a total of two (2) moving trucks.

Financing is available.
Owner is willing to provide seller's incentive to buyers agent as well.

About the Business

Year Established:
2010
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
5,500
Lease Rate/Sq. Ft./Mo.:
$6,000.00
Lease Expiration:
5/1/2020
Facilities:
Store front on a main street location with 5,500 sq ft of retail space and repair shop next door.
Market Outlook/
Competition:
No close competition
Growth & Expansion:
Owner has several established contracts as a supplier in addition to the retail sales.
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About the Sale

Reason For Selling:
Owner wants to retire
Training/Support:
Two (2) weeks. Owner is willing to extend training if needed.
Seller Financing:
TBD

Listing Info

ID:
1502104
Ad Detail Views:
1113

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Business Listed by

Alexandra Florez

Jax Business Group, LLC

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Sponsoring Broker:

Ricardo Quintero
Jax Business Group, LLC
License# 296716

U.S. Census Data for Duval and St. Johns Counties, FL
Age

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Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

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

U.S. Community Survey Data for Duval and St. Johns Counties, FL
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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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