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Modern & Contemporary Home Furnishings Showroom

California, San Diego
Asking Price $390,000.00
Gross Income $761,028.00
Cash Flow $761,028.00
EBITDA
Furniture, Fixtures & Equipment (FF&E)
Inventory
Real Estate
Year Established
Number of Employees
Type of Real Estate Offered
Business Type
  • Furniture Store

  • FURNITURE RETAIL
Overview
This modern and contemporary home furnishings and accessories showroom is a unique lifestyle business perfectly suited for a design enthusiast, eclectic entrepreneur, or someone simply seeking to enter this exciting service and retail industry in the nation's most beautiful city (as the current owners successfully did nearly ten years ago!). This opportunity is considered a lifestyle business as the owners have created a family environment where work and play coexist to provide customers with an experience far beyond simple home decor. The business is known for exclusively carrying affordable high-end and hard to find furniture, and offers design services, original art, gifts and accessories. The customer base spans throughout the country and includes many international clients from Mexico and beyond, and is supported by a full service website and easy to use online shopping cart.
Business Details
Location and Facilities: This 9,700 (includes patio & storage) square foot facility will lease for approximately $9,000 per month including the common area maintenance (CAM) expense on a new lease with additional terms to be negotiated with the landlord. The facility is well maintained and in excellent condition. The purchase price includes approximately $300,000 of owned inventory at cost. Consignment inventory which may remain at the buyer s option is also estimated at over $300,000.

Support/Training: 2 wks at 20 hrs/wk

Market Information and Position: This opportunity has plenty of growth potential. A website upgrade, increased advertising in publications such as Dwell and Modernism, and additional marketing of interior design services could all capture increased potential revenues. The facility's unique layout is also an ideal location to be leased out for private parties, corporate events, and television and film production. The company is also well suited to continue to grow in the showroom furniture rental or home staging market, including art and accessories. Competition is considered to be medium as San Diego has its fair share of furniture dealers and retailers; however this business offers a unique mix of modern and contemporary products and designs unparalleled by local competitors, as well an extensive list of exclusive dealer relationships.

Reasons for Selling: Moving Out of State

Financing:

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