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BUSINESS FOR SALE - PROFILE #  42520025

Established Fine Furniture Business
Coastal South Carolina

Asking Price: $625,000   Down Payment: $625,000  
Gross Revenue: $2,258,564   Adj. Cash Flow*: $144,086  
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Executive Summary
The Company is a well established full service purveyor of fine home furnishings in the mid to upper price point.  The Company is based on a reputation for a high standard with customer service.  They have an in house design team and furniture consultants to meet the needs, taste and budget of the customer. They employ an in house delivery and set-up service using their own trucks to insure higher standards are met at the customer's home and have skilled repair personnel to perform repair services

Acquisition Highlights

  • The Company is a well established full service purveyor of fine home furnishings in the mid to upper price point. The Company is based on a reputation for a high standard with customer service. They have an in house design team and furniture consultants to meet the needs, taste and budget of the customer. They employ an in house delivery and set-up service using their own trucks to insure higher standards are met at the customer’s home and have skilled repair personnel to perform repair services.
  • Tues- Fri- 9;00- 5:30 Sat- 9:00-3:00
  • Store and warehouse have over 50,000 square feet. Includes in house delivery service with two trucks and a box van
  • The Company was founded in 1946 by the current owner’s Great Uncle with the current owner’s Father. The Uncle had a history of working in the furniture and appliance industry and the Father was young and energetic to learn all facets of the business. With hard work, it did not take long for them to develop a reputation for top quality furniture at fair prices, and their business quickly grew. The business and the store expanded in the years that followed, and their Furniture operation became one of the largest family-owned furniture businesses in the area.
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1946 Inventory: $342,000 Included
Employees: 6 FT, 3 PT , 1 Mgrs Furniture, Fixtures & Equipment:
Lease/Rent: $6,000 Real Estate:
Building Sq Ft: 50000
    Total Assets Included in Sale: $342,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Adam Petricoff
Phone:  (704) 360-8898
Fax:  (704) 272-4477
E-mail:  apetricoff@vrcharlotte.com
VR Business Brokers - Charlotte, NC
9301 Monroe Rd.
Suite L
Charlotte, NC 28270
www.vrcharlotte.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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