Unique Outdoor Living Furniture & Fireplaces Retailer with Inventory Included

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Furniture Businesses for Sale

This Hi End Outdoor Living Specialty retail business has been established for many years and is well known in both NC & SC for their quality products and installations. Top brand furniture, gas logs, fireplaces, outdoor kitchens are some of their product offerings in their beautiful showrooms.

Sales last year were $5.9 Million with approximately $1.25 Million in Seller's Discretionary Earnings all reflected on tax return. Sales in the current year are expected to be approximately $5 Million with about $1M in SDE. The owner is in his 60's and is looking to retire.

The asking price of $4.4 Million includes $800,000 in inventory at Seller's cost. All fixtures and equipment convey except for Seller's personal vehicle(s). To get additional information, all Buyers must first provide a signed Confidentiality Agreement to the listing broker, Bill Law [email protected] Cell 704-904-6624

Financial Information

  • $4,400,000 Asking Price
  • $1,250,000 Cash Flow
  • $5,900,000 Gross Revenue
  • On request Down Payment

Business Location

  • City: Greensboro
  • State: North Carolina

Reason for Sale

  • Retirement

Detailed information

  • Year Established: 1980
  • Home Based: No
  • Franchise: No
  • Relocatable: No
  • Lender Prequalified: No
  • SBA Prequalified: No
  • Part time Employees: N/A
  • Contractors: N/A
  • Owner Worked Hours/w: N/A
  • Adjusted EBITDA: On request
  • Inventory Included: Yes
  • Inventory Value: $800,000
  • Monthly Rent: On request
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Building Size: 20000
  • FF&E Included?: Yes
  • FF&E Value: $200,000

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Business Listed by Sunbelt of Charlotte
Contact
Bill Law
Listing ID
CHARLNC001-51605
Office Phone (704) 897-8232
License Number
FL #BK3246701