Established Furniture Store For Sale in Texas - Financing available
Burnet County, TX
Asking Price: | $4,500,000 |
Gross Revenue: | $3,300,000 |
EBITDA: | $650,000 |
Established Year: | 1972 |
Cash Flow: | $400,000 |
Inventory: | $711,000 |
FF&E: | $90,000 |
Listing ID: 2226412Listing provided by BizBuySell
BUSINESS DESCRIPTION
We are a family owned and operated business. We are located in a resort town in the Hill Country area of Texas. Our area is growing fast
which helps make our furniture business stronger every year.
DETAILED INFORMATION
Location
Burnet County, TX
Inventory
Included in asking price
Real Estate
Owned
Building SF
21,000
Employees
11
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
We have a well maintained 16,000 sq.ft. building and a 5,000 sq ft warehouse, with recent updates inside and out. We are located across the street from a major grocery store chain on a main road in our town. Our track record shows that we've been successful for over 50 years. Our great reputation, experienced staff, major brands, along with the solid growth of our community makes our business a real value. A third party Designated Valuation Analyst has valued the business at $5,499,000. Our asking price is $4,500,000. Our property is also available.
Competition
There is one other store in town offering low-end products. We cater to those that desire a medium to medium high end product. We have major brands like La-Z-Boy, Sealy Posturepedic, Tempurpedic, Flexsteel, Hooker, Palliser and many others.
Growth & Expansion
We are seeing the largest growth in our area that we've ever experienced. We have numerous gated communities with hundreds of homes now under construction and new people moving in.
We have recently stepped up our offering of Hunter Douglas window coverings.
Financing
Local banks are willing to finance the purchase to a qualified buyer.
Support & Training
We will offer "advice on how to be successful". The nuts and bolts of how we do it will be shared with the new owner. As owners we currently oversee the business and handle our in house accounting, but our experienced staff take care of selling and daily activities.
Reason for Selling
After 52 successful years we’ve decided to retire.
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