Massive Regional Furniture Retailer

Price: $1,300,000

Location: Roanoke, Virginia

Industry: Furniture Stores

Listing ID: 2008-18279

Listing Status: New


This large-scale regional furniture retailer was launched in 2013 and has been owned and managed by an experienced, successful entrepreneur who possesses over 3 decades in
the furniture business. As a consequence, all of the success ingredients are in place for new ownership -- an excellent community reputation, loyal, regional customer footprint,
deep industry know-how, excellent supplier
relationships, an extensive product offering of
quality, well-known furniture brands, and a helpful, courteous delivery team. All of this is marketed in a massive, comfortable facility loaded with ready-to-sell inventory.

While all of the above is impressive, this business is also grounded on a customized, personal client interface that meets the furniture requirements of every room in the house
or commercial space -- including dining, living, kitchen, study, recreation,
bedroom, patio/pool, boardroom, training conference, or office -- all of which are supported by non-commissioned sales personnel and including free furniture delivery.
The extensive inventory selection covers the full gamut of features, price, design, and variety to meet a broad spectrum of customer tastes. The results are impressive with 2023 top-line revenues of over $3.5M and bottom-line cash flow (after add-backs) of
$539,000 ... which exceeds category average returns.

The seller is retiring from the business but is willing to stay involved in the operation for
up to 6 months to ensure a successful, effective transition and to cross-train and transfer his lessons learned and best practices from over 3 decades in the furniture business.

Financing Package -- this business has been pre-qualified by two banks offering SBA business loan financing and working capital. Applicants must meet bank approval criteria
and undergo a formal bank underwriting process. Complete details are included in the Confidential Information Memorandum (CIM) which will be provided after completion of the NDA package.

Facilities/Location/Real Estate
The property includes two massive warehouse buildings, sales offices, an entrance foyer, a fully stocked customer lounge, fabric sample display rooms, and a children's play center. The location is conveniently accessed to and from its regional customer base and
features plenty of customer parking and a multitude of large garage doors/loading docks to facilitate the inflow and outflow of furniture. The seller is offering an attractive
$15,000/month triple net lease (Complete facility details are included in the Confidential Information Memorandum).

Historical Financial Summary


Total Sales: $3,518,410

Inventory: $1,100,000

For more information on this listing, please complete our Non-Disclosure Agreement
Hal Feder
Hal Feder