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Furniture Store for Sale St. Johns Co.

Mattress  

Asking Price:$259,900

Cash Flow:$102,943

Gross Revenue:$526,313

FF&E:$10,000 included

Inventory:$75,000 included

Lease Rate/Sq. Ft.:$3,271/yr

Established:2016

Business Description

Popular furniture store with high margins and great reviews offered for sale. Located in a growing area of St. Johns County this store can only continue its upward trend. Seller is offering generous financing and is willing to stay on if needed. Inventory with wholesale value of $75,000 is included in this price. Call now as this won’t last long. Non Disclosure Agreement required.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,900
Lease Expiration:
4/22/2021
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2900 square foot newly built facility in growing part of St. Johns County.
Competition:
There is a competitor near by but this draws more customers to the area. Competitor cannot compete with the good reputation of this business.
Growth & Expansion:
Only in its second year business is experiencing strong growth.
Financing:
$100000 for 60 months @ 5%
Support & Training:
2 weeks at zero cost. Seller will stay as employee for extended period if needed.
Reason for Selling:
Retirement
Franchise:
This business is an established franchise
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