Multi Location Furniture/Mattress Retailer

Overland Park, KS
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Asking Price:$375,000
Gross Revenue:$1,000,000
FF&E:$35,000
Cash Flow:$201,000
Inventory:$60,000
Established Year:2013
BUSINESS DESCRIPTION

High growth and margins!

(The zip code listed is incorrect, there are three locations spread out among Kansas City greater area, with future zip code growth as well)

This great 3 location retail business has been operational for over a decade but they are recently adding more locations, which is paying off extremely well! The model for opening more stores is efficient and cost effective, the seller has it down pat. The supplier is in the US and has inventory readily available. There is a box truck for deliveries from any of the stores, and a buyer wouldn't have to work in any given location but more so oversee the entire operation. The current owner only works 2-3 days a week, with adding a couple more stores a new owner could put in a regional manager and be absentee.

The economies of scale are really good, the more you have, the more % of operational costs go down like with advertising, delivery truck expenses, etc plus, better buying power the more the company grows.

This is a fantastic opportunity and with the type of business format it is, it works well in good and bad economic situations.

The inventory fluctuates widely depending upon the timing. If it's right after a large volume buy, it will be more than 50k, if it's at the end of the buying cycle, it might be slightly less.


DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Each of the facilities are located in B-C type retail locations for economical reasons and purposefully selected and positioned. They are well laid out, very open, with most of the selling floor space filled with sample mattresses and signage. It's a great format with quality inventory.
Competition
There will always be competition for mattresses, but, not everyone wants to go to Nebraska Furniture Mart or other mass chain retailers. They have a niche and they stay in their lane.
Growth & Expansion
This is a tremendous opportunity for expansion. The seller already has ideas for the next locations, and additionally, a buyer may want to consider opening up in college towns like Lawrence or Warrensburg to capture the high annual turnover, as well as military towns like Leavenworth where many of the transitioning soldiers don't like bringing in old bedding due to bed bug possibilities on moving trucks. A buyer has a chance to really capitalize on this developed model! There is an incredible opportunity to buy in with the wholesale rep as well!
Support & Training
The seller is a very down to earth person with high integrity and a desire to help a new buyer. They are willing to consider staying on board as a partner or consultant with the right buyer.
Reason for Selling
The owner is open to staying on in some capacity like partner or consultant if d
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Julie
Rossi
Parkwest Business Partners
Julie Rossi