This Michigan-based furniture retail franchise offers a vast assortment of home furnishings, mattresses, appliances, and home electronics, as well as the ability to deliver and install home furniture. The franchisor carries a strong brand awareness, as it is recognized from a weekly furniture newsletter as one of the fastest growing home furnishing retailers in the United States in terms of sales.
The Company was purchased over 25 years ago by the current owner and operated under different names and franchisors during that time. The owner’s main responsibilities include furniture delivery and warehouse oversight. The Company currently employs 13 other employees handling all aspects of sales, assembly, and office duties.
The owner desires to divest the Business so that he can focus on retirement and move on to the next stages of his life. The owner is willing to provide a quick but reasonable transition period and customary transition assistance.
The Company owns one facility that houses a showroom and storage buildings that total 24,000 square feet. The facility is well-maintained and in excellent condition. The owner is flexible on the sale or lease of the real estate.
Financial Information
November 30, 2022 TTM Revenue: $2,783,066
November 30, 2022 TTM Cash Flow: $246,627 (SDE)
November 30, 2022 Inventory: $361,818
Estimated Real Estate Value: $1,980,000
Additional Information
Number of Employees: 13 (Excluding the Owner)
Year Established: 1996
Facilities: The Company operates out of a 24,000-square-foot facility. The property contains multiples buildings that are used for a retail location and showroom, as well as storage.
Support/Training: Ownership is willing to provide reasonable and customary transition assistance. The owner is willing to stay on for 6 months to assist new owners with a smooth transition.
Reasons for Selling: The Owner would like to pursue retirement.
Investment Highlights
(1) Corporate Buying Power and Inventory Availability: With the franchisor having an established presence in the Midwest, it has access to many distribution channels and brands to cater to its customers’ needs.
(2) Vast Array of Financing Options: Through the franchisor, the Company offers a plethora of financing options available for individuals of all income levels, as well as a number of customizable features to satisfy all needs.
(3) Established Reputation for Quality: The Company has relationships with many high-quality brands, ensuring customer satisfaction. The superior quality of products and excellent customer service result in many positive customer testimonials and reviews.
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Upon doing so you will receive a link via email to review and sign our confidentiality agreement. Once signed we will be able to further the conversation and send you the confidential Offering Documents. Please contact [email protected] with any questions. Interested parties must demonstrate proof of financial capability, sign a Non-Disclosure Agreement, and answer a few questions related to their background and interests. Enquire today about this Profitable Furniture Retail Franchise for sale!