30% Margin, 20% Growth, SBA Pre-Approved Furniture & Appliance Retailer (37691)
RetailFor Sale in MO
Financial & Assets Details
About the Business
This high-growth, high-margin furniture and appliance retail business has SBA pre-approval. Since inception in 1960, this retailing business in East Central Missouri, West of St. Louis, specializes in the sale and installation of top-line furniture products for residential or commercial clients inside their service radius of 45-50 miles. As the authorized dealer for several brands, company can offer direct manufacturer rebates and payment options on inventory that ranges from mattresses, flooring or electronics, to kitchenware and other home related appliances. Headquarters is a vast 39,500 square foot facility that features a showroom area of 28,900 sq. ft., a warehouse of 10,000 sq. ft. and office of 600 sq. ft.; able to handle extra capacity, property is found in excellent condition and is available for purchase outside of the asking price. The hands-on operations are ready to be run by new industry buyer, thanks to the help of skilled personnel of nine nonunion employees with expertise in their field, agreeing to stay post purchase. Besides maintaining a website and social media presence for self promotion, marketing efforts focus on utilizing radio ads and their proven effective word-of-mouth referral source system, backed by their large repeat customer base. Remaining for a short transition period to assist with business growth, seller believes opportunities exist for further gross profit, as 2021 YTD thru June saw total revenue amounts reach $2,638,794 along with Seller Discretionary Earnings of 890,318, based on an independent evaluation!
Financing can be negotiable for the right buyer.
Property comes included within the Asking Price!
Support & Training
Seller will remain for a short transition period to assist with business growth.
Reason for Selling:
Approaching retirement and/or pursuing other interests.