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Established Appliance Furniture And Mattress Retailer

Queens, NY, USA
Listed 28 days ago

HS Listing ID-72750 $499,000 Asking Price + Inventory Approximately $1.8M Annual Revenue Approximately $220,000 Annual Cash Flow Approximately $80,000 in Annual Vendor Rebates Approximately 24 years in business Semi-absentee operation Owner works approximately 20 hours per week Only 2 employees Approximately 2,000 SF retail space + basement $7,200/month rent Established Queens customer base Brand-new merchandise only Refrigerators, ranges, stoves, microwaves, washers and dryers Living room and bedroom furniture Mattresses and other home furnishings Established vendor and distributor relationships Significant phone-based sales Existing website Limited current operating hours Closed Sundays, creating an immediate potential growth opportunity Strong potential through expanded hours, Sunday operations, digital advertising, e-commerce, Google Shopping, social media, retargeting, CRM, and improved online lead generation A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Employees

2

Real Estate

Lease

Leasehold Rent

$86,400 per annum

Years Established

24

Support & Training

Yes.

Size In Square Feet

2,000

Reason for Selling

Other business interests.

Financials

Asking Price
$499K
RevenueMost Recent Year
$1.8M
Earnings (SDE)Last Reported
$220K
Assets Value
Undisclosed
Seller Financing
Not available

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