High Margin Furniture & Decor Retailer #1830
| Asking Price: | $5,750,000 |
| Gross Revenue: | $11,000,000 |
| Cash Flow: | $2,250,000 |
Well Known, Multi-Location Business
Located near Asheville, North Carolina, this well-known business is recognized for its upscale furniture, home décor and complimentary design services. Family-owned since the mid-1990’s, this retailer operates three locations staffed by dedicated teams focused on providing an extraordinary customer experience.
Visitors to and residents of Western North Carolina with interest in the latest “mountain elegance” designs are treated to a vast collection of rustic luxury pieces perfect for an estate home, lakeside lodge or mountaintop cabin. Offering 50+ high quality brands, this business is a must visit destination for those with keen eyes and discerning tastes.
This opportunity is ideal for financially qualified individuals with sharp design sense, marketing savvy, relatable business experience and the ability to connect with and service a spectrum of clients from high net-worth individuals to the general public.
This is a prime opportunity for strategic buyers to gain market share in a prime geographic region where demand for upscale homes continues. Private equity buyers may see this as an opportunity to acquire a platform or tuck-in business.
Sales increased to $11M in 2023 with SDC of $2.25M. 2024 YTD thru October indicates a projected return to pre-Covid sales of $9M to $10M and SDC of $1.3M to $1.5M. This trend is consistent with the high-end furniture and home décor industry.
The business has been reviewed by multiple banks and lenders for various financing scenarios. The owner may consider the possibility of financing a portion of the purchase based on the buyer’s net-worth, credit history, prior business experience and other related factors.
