Legacy Furniture and Home Furnishings Store For Sale - Business Price $599K, Real Estate $1.9MM - 11431

Price
$599,000 (Business & Real Estate)
Location
Industry
Category
Home Funiture
Description

Make an offer, owners want to retire!  The business is listed at $599,000 for decades long legacy Furniture and Home Furnishings Store located in the Twin Cities. 2021 sales were $3,000,000 million, adjusted net income $257,000!  A Buyer will also assume around $1,000,000 in pending orders being shipped from factories!

Bonus - $1,900,000 for 30,000 sq ft of Commercial Real Estate.

Decades of happy customers, great prices and top-notch service professionals with many years of experience. Strong growth projected in 2022, long standing partnerships with high quality manufacturers. Showroom well-appointed and showcased with latest product selection. Perfect for a buyer looking to expand or investor looking to learn as an owner/operator. It's located on a high traffic road with easy access and ample parking. Inventory NOT included in sales price. Real estate is clean, well maintained and is included in the overall offering, however, can be sold separately. 30,000 sq ft retail, warehouse space which is fully utilized. Possible opportunity for new owner to reconfigure to multiple tenant facility. Seller will pay up to $100,000 for an exterior building facade remodel if business stays as a furniture store! Serious Inquires Only, Buyer must have financial capacity.

Listing ID
11431
Value From Year
2021
Cash Flow
$257,618
Value of Real Estate
$1,900,000
Equipment Price
$100,000
Gross Sales
$2,946,000
Reason for Selling
Retiring
Value Of Real Estate Included
No
Value Of Equipment Included
Yes
Years Established
53
Full Time Employees
8
Part Time Employees
7

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