Listing ID: 72750
Business Overview
$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
Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.
CONSENT TO TEXT MESSAGING: By entering your mobile phone number, you expressly consent to receive text messages from Hedgestone Business Advisors. Message and Data rates may apply.
FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711
Financial
- Asking Price: $499,000
- Cash Flow: $220,000
- Gross Revenue: $1,800,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: No
- Established: N/A
Detailed Information
- Property Owned or Leased:Lease
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Yes.
Other business interests.