Furniture & Mattress Store
Undisclosed Address, Maine
Business Opportunity
for Sale
| Catylist Listing ID: |
30827600 |
| Property Subtypes: |
General Merchandise
|
| Building Size (RSF): |
120,000 SF
|
| Sale Price: |
$8,950,000 |
| Name of Establishment: |
Confidential |
| Gross Revenue: |
$0 (Annual) |
| Cash Flow: |
$0 (Annual) |
| Sale Terms: |
Cash at closing plus Seller's cost of inventory |
| Last Updated: |
9/6/2023 |
Overview / Comments
|
High volume home furniture and mattress business (including the real estate) is for sale. Due to its location and its strong reputation, this business serves a large segment of the State of Maine all the way up to the Canadian border. The business is known for its quality furniture and mattress line at competitive prices and superior customer service. Unlike other similar furniture stores, this business maintained a large inventory thru the covid years and as a result was able to provide customers with immediate pick up their purchases or have them delivered. The business is now exploring ways to increase their sales thru the internet.
|
Additional Details
| Industry Segment: |
Department Stores |
| Reason for Selling: |
Owner would like to pass on the responsibilities of the ownership but stay with the business as its manager for an extended period of time providing this is agreeable with a buyer. This is not a requirement of the sale. |
| Value of Inventory Included ($): |
$0 |
| Value of Furniture, Fixtures, and Equipment ($): |
$0 |
| Real Estate Status: |
Real Property |
| Value of Real Estate Included ($): |
$6,740,000 |
| Real Estate Lease Description: |
Modern two-story building with a large amount of on-site parking. |
| Employee/Labor Description: |
There are twenty-four fulltime employees and two parttime employees all of whom would like to remain with the business. |
| Mgmt/Training Support Description: |
Owner would like to remain with the business as its manager if permitted by Buyer. If this is not the case the seller will spend the necessary time to train the buyer in all aspects of the business. |
| Competition/Market Description: |
There is some competition in the area none of whom have had any impacts on this business. |
| Growth/Expansion Opportunities: |
Owner is now exploring ways to expand the business sales through use of the internet. |
| Seller Financing Description: |
None |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
|
