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Business Valuation
Listing Details
Great Office Furniture New AND Used Retail Business - Priced for Quick Sale action!
Florida - Hillsborough County
- Ad ID: 894730
- Type: Established Business
- Category: Retail - Misc. Retail
- Category: Retail Stores - Independent Stores
Financials
- Asking: $599,000
- Included in the Asking Price: Furniture, Fixtures & Equipment: $60,000
- Inventory: $226,000 (Included in Asking Price)
- Gross: $1,640,000
- Cash Flow: $175,000
Summary Description
This business is going to be sold quickly – owner is motivated and a fabulous business model for someone with flair for marketing and expanding sales. This business sells BOTH - New and Used retail and commercial office furniture, accessories and fixtures. This unique business model combines new products at competitive prices with a thriving 'like-new' pre-owned product offering. This fabulous combination of new/pre-owned sales yields higher margins and greater profits.
Since the majority of the business is like-new "gently used" it does great even in struggling economic times.
- Fabulous blended Gross Profit Margins of 60-65% on pre-owned
- 2007 Sales of over $1,600,000
- Store is profitable each of past three years
- Expanding sales is all that is needed to take to next level
- Many ways to expand expertise into additional revenue streams
- Tremendous location – with new IKEA store going in a block away
- Great lease with 3 year option at favorable lease terms
- First class – beautiful, professional retail show floor and warehouse
- Business is poised for expanded market segments to increase sales and profits
- Owner willing to stay and manage operations and transfer knowledge base to new buyer to ensure an orderly transition.
NOW is - Time for Action – get Great Deal – on a Great Business!
General Information
- Year Established: 2001
- Employees: 6 Full-time
- Facilities: Lease on approx. 10,000 sq. ft. retail and 19,000 sq. ft. warehouse with a favorable option available to qualified buyer.
Market Outlook
- Competition: Little competition in pre-owned used office furniture product sales; great margins.
- Growth and Expansion: Unique business model - New AND Used office furniture and accessories. Margins on pre-owned are in the 60-65% range. Additional revenue streams available to marketing/sales driven investor. Low Overhead !!
About the Sale
- Financing: Seller will accept a portion to qualified buyer.
- Support/Training: Owner will transition and is willing to stay and manage business for investment motivated investor.
- Reason Selling: Owner desires to sell business to lock-up retirement funds.
Contact Information
Paul Kelly
Trico Ventures
Phone: 813-288-4698
Email: paul@tricoventures.com