Furniture Store - Eastern Tennessee
| Asking Price: | $14,700,000 |
| Gross Revenue: | $14,732,000 |
| EBITDA: | $1,750,000 |
| Real Estate: | $9,200,000 |
| Cash Flow: | $1,638,648 |
| Inventory: | $3,100,000 |
| FF&E: | $1,200,000 |
| Established Year: | 1959 |
A leader in the furnishing space!
For over 53 years, this full-service retail home furnishings company has built a reputation for excellence, becoming a trusted name in the industry. With a strong focus on offering top-tier brands and an unwavering commitment to exceptional customer service, the business has continually set the standard for quality in home furnishings. The owners take great pride in their legacy, ensuring that every customer experiences a personalized, high-quality shopping experience that exceeds expectations.
The business operates from two prime locations: a flagship retail showroom and a premium outlet center, offering a range of options to meet diverse customer needs. These two distinct facilities provide a comprehensive selection, ensuring that whether a customer is looking for timeless, traditional pieces or the latest in modern design, they will find the perfect items to elevate their living spaces.
The flagship showroom showcases an extensive variety of home furnishings, from classic styles to cutting-edge contemporary designs. Each item is carefully curated to reflect the latest trends while maintaining timeless appeal. The knowledgeable, well-trained staff is always on hand to assist customers, providing expert guidance on everything from design choices to the latest trends, helping them create a home that reflects their unique style.
In addition to the flagship location, the adjacent outlet center offers a curated selection of discounted, high-quality home furnishings, perfect for bargain hunters without sacrificing quality. The warehouse facility ensures smooth and efficient inventory management, making the entire shopping process seamless for customers.
The business also includes a substantial real estate portfolio, with 11+ acres of prime property that is available for purchase as part of the transaction. This includes the immaculate showroom, the adjoining outlet center, and the warehouse facility, offering the new owner a stable and thriving operation with a strong physical footprint.
Furthermore, the business qualifies for SBA funding under the 7(a) program, offering a maximum loan of $5 million, providing an excellent opportunity for prospective buyers to acquire a profitable, well-established business with room for continued growth.
This is a unique opportunity to step into a business with decades of success, an established customer base, and a high-quality inventory, all while benefiting from prime real estate and a solid financial foundation.
