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


Photograph of Listing Agent

Douglas M. Erickson

SVN The Masiello Group
NECPE Member
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