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17609 – Tremendous Potential in Specialty Furniture Store!

RetailFor Sale in AZ

Financial & Assets Details

$1,083,500
$245,660
$74,295
8,800+/-

About the Business

1991
5 nonunion.
Yes

Business Description

Excellent Arizona business with repeat customers and smack dab in the middle of Boomers retirement communities, the company is a professional, niche retailer of high quality furniture and accessories ideal for the retirement population. The company’s primary products consist of modern, bold and elegant collections of high-quality furniture lines from several specialty manufacturers. In addition, they provide some repair services, delivery and maintenance after their sales. The showroom is in a prime location with ample parking lot space and is surrounded by high traffic. A storage warehouse is also leased. With a skilled personnel possessing industry experience, this business stays on top of market trends with quick inventory turnover and an annual assessment of inventory to retire. Besides maintaining an organic online presence using websites and social media activity, marketing efforts focus on targeting individuals through print advertising, email programs with numerous subscribers, and their proven effective referral source system. Having created a large repeat customer base, their prestigious reputation further attracts new customers. This retail business presents several growth opportunities for turn-key owners looking for positive returns on minimal capital investments. The stable revenues reached $1,083,500, as EBITDA’s for 2019 and for previous years in the $200k plus range. Projections for 2020 are showing a stable increase for sales and profit margins. As the ownership approaches retirement, they are available for smooth transitioning. Available through IAG, come live in this buyer’s paradise!

Seller Financing

10% financing is negotiable for the right buyer.

Support & Training

As needed.

Reason for Selling:

Approaching retirement and/or pursuing other interests.

Listing ID: 17609 - Tremendous Potential in Specialty Furniture Store!

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