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30 Year Furniture Wholesaler and Retailer

Norwich, CT
listing image
Asking Price:$3,000,000
Gross Revenue:$900,000
EBITDA:$550,000
Established Year:1996
Cash Flow:$2,900,000
Inventory:$500,000
FF&E:$50,000
Listing ID: 2305136Listing provided by BizBuySell
BUSINESS DESCRIPTION

Wholesale/Retail Furniture Juggernaut

Wholesale/Retail Furniture Business. WHOLESALE: MEK Furniture Sales, INC: customer base since 1996 of over 175 retail furniture stores in the north east with decades of relationships. 20,000 sq ft warehouse @$5000 month (cheap)to serve wholesale and retail. 1 2024 Hino 28ft leased box truck, fork lift, all computers and equipment.
RETAIL: Amazing Furniture & Sleep Shop: 12.000 sq ft Furniture store since 2008 now in the top location in downtown Norwich CT. **BUILDING IS INCLUDED**
-25 car parking lot
-New roof, floors, paint, parking lot 2018
-Billboards on property paying $550 month
-Relationships with state and local agencies who buy furniture and Bedding regularly
-U-Haul business on property averaging $650 month, but with many other benefits
relating to the furniture business.
So much more to discuss! It’s been my baby all these years. I want to continue working just looking the step aside from Owner/management. I will help you continue to run this business and will stay on as your outside sales rep. I have many many connections. I will also introduce you to them.
$3M which includes $500,000 worth of inventory. NO BROKERS PLEASE

Will consider selling the retail side separately. Building not included , buyer can lease the 12K showroom for $12/foot. Would include: the copyrighted name Amazing Furniture and Sleep Shop ,all state and local agency contracts, the website, the Facebook page w 2900+ followers, 3000+ customer list, the Uhaul business., 20ft box truck, all computer equipment, experienced employees (10 yr +) Would be 100% turn key on day 1. $1M. Includes appx $180K of floor samples. Option to lease warehouse space 10 miles away for $5 foot. INQUIRIES can text my cell and I’ll call you back… NO BROKERS TO TEXT/CALL PLS. Selling very passively, representation not needed. 203-804-0911

DETAILED INFORMATION
Location
Norwich, CT
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
12,000
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
-12,000 square-foot showroom with a large parking lot in downtown Norwich at the intersections of route 2 and 12 a very busy intersection with four stoplights -2014 Isuzu 20 ft box truck - forklift -Computer equipment for five stations -hand trucks, tools, straps everything needed for the business. It is turn key.
Competition
Everybody needs furniture and mattresses
Growth & Expansion
The wholesale side has unlimited growth potential The retail side is enjoying population growth in the greater Norwich area.
Financing
No
Support & Training
I am looking to stay in the business. I want to stay on as your outside sales rep. We will walk you through both sides. All our people are terrific. It would be great if you kept them on and you’ll want to , most have been with me over 10 years some 15 + years
Reason for Selling
Looking to step down from ownership/management
BUSINESS LOCATION
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Mark Kehlenbach
Phone Number
Mark Kehlenbach
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