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Asking Price$1,244,900
Revenue$1,167,853 Established1923
Cash Flow$147,626 Employees3 full, 4 part
FF&E$63,500* FranchiseNo
Inventory$172,000 RelocatableNo
Real Estate$800,000* Home-basedNo
* Included in Asking Price
Retail furniture business including real estate.  Showroom/office/warehouse building, storage building, and furniture business being offered together in New Hampshire.  Located in a downtown commercial area close to retail shops, restaurants, hospitality businesses, medical and hospital facilities, educational institutions, and residential properties.  The building and business have been a landmark in town for years.  Although the property and business are offered as a package, the location of the property is prime downtown real estate and could be converted into another use over time.  Complete details for the real estate as well as the business are available upon financial qualification and the completion of a confidentiality agreement.
Competition:The business competes at some level with a local box stores and on-line DIY companies, but there is no comparison with service and quality. There is one other local retail furniture retailer who competes with them but at a higher price point, and one rustic furniture maker which caters to a more niche driven market. One other floor covering company sells and installs flooring in the region, but there seems to be more than enough business to support both entities.
Growth Potential:The current owners are not tech savvy and have not taken advantage of social media, web-based marketing, or an on-line sales presence to stimulate revenues. This offers a huge growth area for this company, especially if there is an on-line sales component created. The addition of an outside salesperson could pay for themselves many times over. There is a large benefit to having face-to-face interactions with the commercial and vacation home markets this business caters to.
Training/Support:The current owners are willing to stay on and train for two weeks at no charge and be available in an advisory capacity during a specified period of time based on the buyer’s needs and as negotiated.
Seller Financing:Cash at closing. Minimal seller financing may be available for the right deal.
Sale Reason:Sellers are looking to retire.
Ad #113059
Seller Reference #NEWHAMP001-N30
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Jay Polimeno
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