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Own Topsail Islands Favorite Furniture Store-Established & Turnkey
Business Description
Own Topsail Island's Favorite Furniture Store - a thriving coastal furniture business established in 2023 with impressive first-year performance. This turnkey operation generates $1,010,000 in annual revenue with $150,000 in seller's discretionary earnings, demonstrating strong profitability in the competitive furniture retail market.
BUSINESS OVERVIEW:
This established furniture store serves both local residents and vacation homeowners in the rapidly growing Topsail market. The business features an attractive showroom, established vendor relationships, and a loyal customer base that has driven consistent revenue growth. Currently operating 30 hours per week (Tuesday-Friday 10-5, Saturday 10-2), the store offers significant expansion potential through increased operating hours alone.
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $1,010,000
• Cash Flow (SDE): $150,000
• FF&E Value: $50,000
• Inventory Value: $40,000
• Strong first-year performance with established profitability
LOCATION & MARKET ADVANTAGES:
Prime location on the main road in a rapidly growing coastal area with high traffic volume. The business benefits from serving both year-round residents and the vacation home market, providing diverse revenue streams and seasonal stability.
GROWTH OPPORTUNITIES:
• Expand online presence and develop e-commerce capabilities
• Partner with interior designers and local businesses
• Optimize product mix to improve profit margins
• Increase marketing to leverage high-traffic location
• Extend store hours from current 30 hours per week
• Capitalize on growing coastal market demand
OWNER SUPPORT:
Seller provides comprehensive transition support including 30-day hands-on training period plus 3 months of ongoing assistance. The seller, who also serves as the landlord, is committed to ensuring the new owner's success.
FINANCING:
Seller financing available with $150,000 down payment plus current inventory. This attractive financing structure makes ownership accessible to qualified buyers.
This represents a rare opportunity to acquire an established, profitable furniture business in one of North Carolina's most desirable coastal markets. The combination of strong financials, growth potential, and seller support creates an ideal situation for a new owner to build upon an already successful foundation.
BUSINESS OVERVIEW:
This established furniture store serves both local residents and vacation homeowners in the rapidly growing Topsail market. The business features an attractive showroom, established vendor relationships, and a loyal customer base that has driven consistent revenue growth. Currently operating 30 hours per week (Tuesday-Friday 10-5, Saturday 10-2), the store offers significant expansion potential through increased operating hours alone.
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $1,010,000
• Cash Flow (SDE): $150,000
• FF&E Value: $50,000
• Inventory Value: $40,000
• Strong first-year performance with established profitability
LOCATION & MARKET ADVANTAGES:
Prime location on the main road in a rapidly growing coastal area with high traffic volume. The business benefits from serving both year-round residents and the vacation home market, providing diverse revenue streams and seasonal stability.
GROWTH OPPORTUNITIES:
• Expand online presence and develop e-commerce capabilities
• Partner with interior designers and local businesses
• Optimize product mix to improve profit margins
• Increase marketing to leverage high-traffic location
• Extend store hours from current 30 hours per week
• Capitalize on growing coastal market demand
OWNER SUPPORT:
Seller provides comprehensive transition support including 30-day hands-on training period plus 3 months of ongoing assistance. The seller, who also serves as the landlord, is committed to ensuring the new owner's success.
FINANCING:
Seller financing available with $150,000 down payment plus current inventory. This attractive financing structure makes ownership accessible to qualified buyers.
This represents a rare opportunity to acquire an established, profitable furniture business in one of North Carolina's most desirable coastal markets. The combination of strong financials, growth potential, and seller support creates an ideal situation for a new owner to build upon an already successful foundation.
About the Business
- Years in Operation
- 3
- Employees
- 3 (2 Full-time, 1 Part-time)
- Facilities & Assets
- Seller Owns Property---Buyer Will have 5 or 10 year lease option.
Rent will be $4,000 monthly NNN +3% annual escalation
• 2,800 sq ft indoor showroom with New A/C Unit
• Showroom office area, break room, and restroom
• 6,000 sq ft outdoor showcase space
• 800 sq ft climate controlled warehouse/storage area
• 2- 40ft containers (leased at $225/month)
• Indoor & Outdoor Inventory: +-~$40,000 (wholesale)
• Fixtures, equipment, and showroom assets: ~$50,000
• 2023 Ram ProMaster Delivery truck (50k miles)
• 2024 7x14 ft dual axle enclosed trailer
• Established supplier relationships
• Operational CRM with integrated POS system
• Marketing plan in place- with over 1,000 customer contacts for re-marketing
• 4.9 Star Google Rating, 5 Star FB Rating, with good social presence - Website
- https://www.lowdersfurniture.com/
- Market Outlook / Competition
- Prime location on main road in rapidly growing area.
- Opportunities for Growth
- • Expand online presence and e-commerce sales
• Partner with interior designers and local businesses
• Optimize product mix to improve margins
• Increase marketing to further leverage high-traffic location
• Increase store hours from current 30 hrs per week
About the Sale
- Transition Support
- 30- Day Transition period with 3 months ongoing support as needed. I want the next owner to excel and succeed as I am the landlord.
- Financing Options
- Owner financing with $150k down plus current inventory of est +- $40,000
Listing Info
- ID
- 2516661
- Listing Views
- 122
Business Location
Listing ID: 2516661 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. See our full Terms of Use. Learn how to avoid scams.
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