Primary Category:Furniture & Furnishings Stores for Sale
This home furnishings store with design services has all the right connections to make a house a home! It offers clients a one-stop shop for all their remodeling and updating needs. Indoors or outdoors, this store meets clients’ needs with a vast array of items. Some of these include:
• Bedroom & Living Room Furniture
• Outdoor Furniture
• Soft Goods
• Cabinetry & Countertops
• Flooring
• Light Fixtures & Fans
• Plumbing & Hardware
Because they have manufacturer-direct connections they pass on savings to their clients. In fact, they offer discounts others seldom can! This home furnishing store also offers full-service interior design and renovation services. Contractors handle the installation services.
The store is centrally located near several affluent suburbs. There are over 420,000 homes with an income range of over $100,000 to $115,000 nearby. Due to the tight housing market, homeowners are remodeling. This means they are looking for high quality goods and design/remodeling assistance to make their homes beautiful.
The interest rate increases in 2023 coupled with the downturn in home sales had a direct, negative impact on the store. It is important to note, however, that the sellers saw this coming and aggressively managed their expenses. As a result, their net income as a percentage of revenue increased.
This home furnishings store with design services is a good fit for an owner/operator wanting to showcase their design experience with an independent home furnishing design center. Additionally, it makes a great add-on to an existing contractor looking to offer design, purchasing, and installation services. Contact us today to find out more!
Investment Considerations:
• Offers Full-Service Design & Renovation Services
• Large Space with Showroom & Offices
• Access to Hundreds of Top Brands
• Manufacturer Direct Connections
• Strong Local Recognition
• Marketing In Place
• Close to Affluent Suburbs
Financial Information
$300,000
Asking Price
$221,728
Cash Flow
$618,911
Gross Revenue
Negotiable
Down Payment
Business Location
City:
Indianapolis
State:Indiana
Reason for Sale
The Seller is ready to retire.
Detailed information
Year Established:1990
Home Based:No
Franchise:No
Relocatable:Yes
Lender Prequalified:No
SBA Prequalified:No
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:N/A
Adjusted EBITDA:
N/A
Inventory Included: Yes
Inventory Value:
N/A
Monthly Rent:
$5,000
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 10000
FF&E Included?: No
Training/Support
The Seller is willing to train and transition the Purchaser for a mutually agreeable period immediately following closing.
Facilities
The facility is approximately 10,000 SF. Monthly rent is $5,000 including CAM charges. The lease is month-to-month.
Market Outlook/Competition
The business is located near housing with the following information:
• There are over 385,000 homes in the Indianapolis area alone, with over 40,000 in nearby Carmel
• Average household income in the business area is over $100,000, while it is over $115,000 in Carmel, Fishers and Zionsville.
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