NH Retail Furniture Store and Real Estate
Financial Information
- Asking Price: $1,244,900
- Gross Revenue: $1,167,853
- Cash Flow: $147,626
- Down Payment: NEGOTIABLE
- FF&E (Included): $63,500
- Inventory: $172,000
- Financing: Yes
Business Location
- Confidential
- New Hampshire
Retail furniture business including real estate. Showroom/office/warehouse building, storage building, and furniture business being offered together in New Hampshire. Located in a downtown commercial area close to retail shops, restaurants, hospitality businesses, medical and hospital facilities, educational institutions, and residential properties. The building and business have been a landmark in town for years. Although the property and business are offered as a package, the location of the property is prime downtown real estate and could be converted into another use over time. Complete details for the real estate as well as the business are available upon financial qualification and the completion of a confidentiality agreement.
Competition Description
The business competes at some level with a local box stores and on-line DIY companies, but there is no comparison with service and quality. There is one other local retail furniture retailer who competes with them but at a higher price point, and one rustic furniture maker which caters to a more niche driven market. One other floor covering company sells and installs flooring in the region, but there seems to be more than enough business to support both entities.
Growth / Expansion overview
The current owners are not tech savvy and have not taken advantage of social media, web-based marketing, or an on-line sales presence to stimulate revenues. This offers a huge growth area for this company, especially if there is an on-line sales component created. The addition of an outside salesperson could pay for themselves many times over. There is a large benefit to having face-to-face interactions with the commercial and vacation home markets this business caters to.
Support / Training Comments
The current owners are willing to stay on and train for two weeks at no charge and be available in an advisory capacity during a specified period of time based on the buyer’s needs and as negotiated.
Financing Comments
Cash at closing. Minimal seller financing may be available for the right deal.
Reason For Sale
Sellers are looking to retire.- Home Based: No
- Year Established: 1923
- Franchise: No
- Year Acquired: 1923
- Willing to Train: Yes
- Relocatable: No
- Required Licences:
- Is Property Leased: No
- Real Estate Available: Yes
- Real Estate Included: Yes
- Real Estate Value: $800,000
- Real Estate Asking: $800,000
- Days Open: Monday - Saturday
- Hours Open: 8am-5pm
- Fulltime Employees: 3
- Part time Employees: 4
- Is Management Staying: No
- Distressed: No
- Monthly Payroll: ON REQUEST
- Building Size: 10000 sq ft
- Parking: Ample
- Monthly Rent: N/A