Premier Northern NJ Furniture & Design Business
New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $930,000 |
$2,430,921 |
$313,860 |
Furniture and Fixtures Value:
$95,000 (included in the asking price)
Inventory Value:
$300,000 (included in the asking price)
Real Estate:
$0 ( not included in the asking price)
Business Summary:
High Quality and well-established Northern NJ store at new lower price, provided over $300k of cash flow in 2023. Lender pre-qualified, can be purchased with only $93K down.The business has been a staple in a thriving downtown shopping area for over 30 years. Serving home and office needs the store features· Furniture for home and office· Floor coverings,· Lighting and décor.· Custom woodwork and interior design services also available for that special project.· Small gift and décor, including seasonal items, drives foot traffic to the store.· An established online presenceExperienced staff serves primarily residential and some commercial customers across the tri-state area. Loyal customers keep coming back for the quality and consistency of products and services offered. A robust website provides online browsing of larger pieces and online shopping for décor and gift items. This business consistently generates more than $2.4m in revenue for the last several years and includes:· 7000 sq ft showroom with dedicated space for interior design services· 2025 sq ft warehouse, nearby for receiving and fulfilling orders.· Over $400k of assets (showroom inventory, store/warehouse furniture and fixtures, delivery vehicles.)Current owners have been in place for 16 years and are ready to retire. Now looking for a new owner operator or business owners looking for expansion or diversification opportunity for existing company
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| Year
Business was Established: 1993 |
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| Number of Employees:
5 FT/1 PT |
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| Facilities / Terms of Lease:
Retail space of 7,000 sq ft showroom. Warehouse of 2,025 sq ft nearby. |
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| Potential
Growth/Expansion:
Expand reach through concentrated marketing efforts of online store. |
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| Competition:
There are very few privately owned stores which provide the quality and level of services offered. |
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| Owner
willing to finance:
$93K down/$93K over 24 mos. @ 7%/Other Financing. |
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| Owner
willing to train:
Will train for 4 weeks @ $0 cost. |
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| Reason for selling:
Retirement. |
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| REQUEST MORE INFO |
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