SOLD: Custom Furnishings and Interior Design Business #5004

  • Sold

About The Opportunity

  • Furniture and home decor business based out of a beautiful retail showroom in an affluent community.
  • In business since 1922, with a great reputation and well-known brand.
  • Majority of sales come from design projects, developed and worked on by skilled design staff.
  • Owners ready to retire but will transition and train.

Value Proposition

  • Sale price of $850k, includes approximately $100K of FF&E. Price does not include inventory, but up to $400k Inventory can be included.
  • Strong profits and sales, consistently near or above $2M in revenue. 2018 Sales are trending closer to $2.2M.
  • Great platform for growth, either by expanding to additional locations, and/or further developing design project work, or continuing to develop key partnerships with designers, developers, and retailers.

Other Important Information

  • 16,000sf beautiful showroom, conveniently located. Lease expires May 2019, with two 5 year options.
  • Unique market niche in custom work, with supporting processes and procedures.
  • Well-trained, supporting staff with design and artisan craft skills.
  • Excellent, long-term, supplier relationships, some exclusive.
  • Deep relationships with high-end clientele.

By The Numbers

Gross Revenue$2,603,097$2,236,446$1,945,523
Adjusted EBITDA$480,748$460,494$346,524

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