Detail information about the listing
Furniture Business with three locations in high growth markets (large in-migration and rapid new apartment growth) and poised to add additional store locations. Perfect opportunity for an investor owner (active or passive) strategic buyer, Private Equity growth firm, or knowledgable retailer wanting to purchase and grow a business. FF&E including in-store fixtures, delivery box trucks, forklifts, and warehouse racks systems, are included in the asking price. Because of their size and warehouses, they are able to purchase in container volumes, ensuring national-level pricing. A financing program (not rent-to-own), warehouses, and delivery trucks and routes are in place. Owners have developed a solid management team at the store level and at the C-suite, in anticipation of selling the business one day. The management salary costs are included in the financial recasts. The CIM/CBR package identifies the Owner’s projected new store growth opportunities, where they are already doing business. They have a sophisticated POS sales systems for tracking and reporting sales by product type at the salesperson level. Tightly managed at each store. A robust marketing program exists utilizing all media types including, Google Ads, website chat, radio, newspaper inserts, and solid salesperson training. Owners are retaining the real estate, and will provide new leases at competitive terms. The CIM/CBR confidential package will not be released without evidence of the financial capacity to consider the purchase.