Very Profitable Home Furnishings and Decor Retailer

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Luxury Home Furnishings and Decor Retailer
Asking Price:
$699,000

Gross Revenue:
$2,300,000
Cash Flow:
$700,000
EBITDA:
$700,000
Inventory:
$100,000
included in asking price

FF&E:
$10,000
included in asking price

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Business Description

Located in the heart of Lexington, Kentucky, this highly profitable luxury home furnishings and decor retailer is on the market for the first time!

Established over a dozen years ago, the Company is a well-recognized designer and retailer of high-end interiors, full home remodels, new luxury construction, kitchen renovations, and bath renovation.

With a well-located retail showroom in a high-income neighborhood, limited competition, and potential to further expand product offerings, this business is an excellent investment for a new owner.

About the Business

Year Established:
2006
Number of Employees:
2
Real Estate:
Leased
Building Sq. Ft.:
1,500
Lease Amount/Mo.:
$1.00
Lease Expiration:
9/10/2021
Facilities:
The showroom is located in the heart of Lexington in a high income neighborhood near other retail and restaurant sites. The location is near other higher end retailers, making for good foot traffic and walk-in business.
Market Outlook/
Competition:
Very limited competition in the area. The company is recognized as one of the very few options for luxury decor in Central Kentucky.
Growth & Expansion:
The current focus is on very high end luxury furnishings and decor for high net worth individuals. Expansion into a new consumer base would bring growth opportunity.

A new owner could further expand into the higher volume kitchen and bath market. Current ownership has explored the idea of adding a kitchen or bath showroom to meet the needs of these markets, and the current real estate footprint would allow for this improvement.
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About the Sale

Reason For Selling:
Relocation out of state.
Training/Support:
Seller is willing to provide support and training for a negotiable period of time.

Listing Info

ID:
1565128
Ad Detail Views:
159

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Business Listed by
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Sponsoring Broker:

Mike Feinman, Managing Partner
Texas Business Brokers

U.S. Census Data for Fayette County, KY
Age

Gender

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 Fayette County, KY
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Education

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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