Listing Number: 189597-862666
Description
Known for its famous commercials, this iconic 22,000 sq. ft. furniture retail furniture store has been in business for over 50 years and currently generates $2 million in annual sales with no advertising. The store includes $350,000 in inventory and has four long-term employees, each with over 20 years of experience. The current owner is retiring but will provide up to six months of training to ensure a smooth transition. The business has long-standing supplier relationships that will continue. It is located on a busy highway, and the property owner will offer a long-term lease below market value. With no current marketing efforts, a new owner has the opportunity to increase sales through advertising and online expansion.
Listing Details
- Price: $2,000,000
- Down Payment: $1,000,000
- Sellers Discretionary Earnings: $250,000
- Total Sales: $1,800,000
- Location: Monmouth County, New Jersey
- Inventory: $350,000
- FF&E: $50,000
- Employees: 4
- Year Established: 1975
- Reason for Selling: Retirement
- Category: Furniture Retail
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