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94 Year Old Home Furniture Business

Smith County, TX

94 Year Old Home Furniture Business
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Asking Price: $999,000

Cash Flow: $57,572

Gross Revenue: $270,999

EBITDA: $27,572

FF&E: $11,000

Inventory: $80,000

Real Estate: $608,000

Established: 1925

94 Year Old Home Furniture Business

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Business Description

This business has been trusted by it's customers for many years. A profitable home furnishings business located in East Texas with tenured staff in place that are willing to be involved to insure new ownership is successful. They have a long history of customer satisfaction and are located on prime real estate with plenty of room for expansion. The business has great potential for growth for a new owner with skills in marketing in today's online marketplace.

Detailed Information

Location:
Smith County, TX
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
15,000
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in Smith County, the store sits on a 4.175 acre lot on a major roadway. The current showroom was built in 1980. Furniture deliveries are carried out in a hauling truck with a wrap. There are numerous small tools, supplies and files included with the business.
Growth & Expansion:
In previous years, the business has had minimal advertising. There is considerable room to grow with a strong marketing plan. They have no website or social media accounts which could offerhuge potential for growth.
Support & Training:
Current ownership is willing to commit up to 30 days training to new ownership as part of the sale of the business and will be available by phone as needed. If the new owner prefers, the current owner is willing to stay on as a paid consultant of the business for a longer term. In addition, considering the current staff and their willingness to stay on board, a new owner would be wise to keep them involved to ensure a smooth and seamless transition.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Lee Trammell

Business Listed By:
Lee Trammell

Drake Business Services

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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