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Home Furnishings
Location California,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $500000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 1 - 3
Inventory 1200000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will train.
Reason for Sale Partnership issues.
Description Unique Upscale Home Furnishing Business: Retail and Wholesale. This business opportunity actually is comprised of Two Businesses: A Retail Store
and a Wholesale Operation.
During the past 2 years, the wholesale business has built a significant amount of medium sized accounts, meanwhile the owners have initiated discussions with several large upscale retail stores in an attempt to establish a wholesale relationship.
The Retail Store has been operating for 2 months and showcases unique rustic furniture, fine furniture, and other distinctive home accessories. There is also a small design center in the retail store to design custom pieces, as well as for other design consultations.
The firm has recently become a Member of the American Society of Interior Designers, taking advantage of this vast network resource.
This company operates 2 active Internet Websites: one Website is dedicated for the Wholesale Business and the other for the Retail Store.
The owners of the company have been developing extensive vendor contacts in other parts of the world that are able to meet the specific and distinctive style of furniture and home accessories they are selling. Years have been spent preparing to take the business to the next level, ushering in significant growth.
The foundational work has been completed.
Presently there is approximately $1,200,000 worth in inventory housed in a separate warehouse, along with additional inventory at the Retail Store.
Projected sales figures are as follows: $500,000.
The Retail store is 5,000 sq.ft., lease expires 09/2009. Rent is $ 11,000
The Warehouse is 12,000 sq.f.t., lease is month-to-month. Rent is $ 7,500. Contact for more information on this Home Furnishing business for sale.
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