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THE BUSINESS SELLING PROFESSIONALS |
Listing Details Retail Furniture Store in Milwaukee, Wisconsin Financials Asking Price: $200,000, including $49,500 in Furniture, Vehicle, Fixtures & Equipment 4-year Average Annual Gross Sales: $325,700 4-year Average Annual Cash Flow to Owners: $72,200 Description of the Business This store offers customers a unique shopping experience. What has set this gently used furniture store apart from the competition is the quality of the items offered for sale, and how they are displayed. The offerings are displayed very attractively in room groupings. The key to the success of the business is the owners’ knowledge and experience—it is not only what to purchase, but buying it at a reasonable cost. Items are then priced to assure a good profit and still offer their customers a great value for their money. At one time, the business had multiple locations, but was scaled-back so that the Owners could spend more time with their Real Estate business. Currently the owners operate the business on a part-time basis, devoting about 20 hours per week to running it. They have a trained staff that can handle the day-to-day tasks very effectively. A Buyer who wishes to devote more time and energy to the business could lower their business overhead and raise revenue and profits. The store’s business has been down a little during the recession, but it is still very consistent and has created additional store traffic with more and more people looking for quality furniture and household items at reasonable prices.
General Information Year Established: 1994 Employees: 3 part-time Facilities: This successful recession-resistant retail business has excellent visibility on a highly-travelled main thoroughfare in Milwaukee. It is in an excellent location for its principal customers. All inventories are included in the sale, as well as all office equipment and a well-maintained vehicle that advertises the business. The 7,600 sq ft building will be leased by the Sellers to the Buyer for a negotiated reasonable-term, below-market rate.
Market Outlook Competition: There are fewer than five businesses of this type in the Milwaukee metropolitan area, and they are all located somewhat distant. This business has an excellent reputation, has many referrals, and is the store of choice for their business model. Growth and Expansion: The business has been at its current location since 2000. The Sellers previously owned two locations that were both very successful, with double the revenues and profits. But, in order to concentrate on another business, they purposely down-sized to one location, so that they would only have to work 20 hours per week in the store.
About the Sale Financing: A cash deal is preferred, but the Sellers are willing to consider some owner financing. With a 20% down payment, Midwest Business Group will assist the Buyer in obtaining additional bank/SBA financing. Support/Training: The knowledge required to operate this business profitably is transferable during a transitional training period. The Sellers will work with the Buyer for a negotiated length of time to train them about how to buy right and then price and display their offerings effectively. This will greatly assist the Buyer in their desire to own a successful and profitable business. Reason for Selling: The Sellers want to devote full time to their other business.
Contact Information
Mike Flanigan |