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Details - Information last confirmed on September 10, 2020
Prime location Home goods and fabric store placed in an area of high visibility from a major highway is now available for acquisition. This business was established by the current owner of the business in late 2016. This business occupies a 1,503 SF end-cap space of a retail strip center that is conveniently located just off the highway nearby a super-regional shopping center and the large mall which has numerous brand name national retailers as well as major restaurant chains. Competition is expected in this type of industry, but there is no direct competitor within the immediate market area and this business is specialized in this industry as the premium products are top-of-the-line. This business offers high quality home goods and fabric products such as rugs, bedsheets, cushions, floor mats, window dressings, throw pillows, blankets, towels, unique fabric items, high thread count items, stools, bathroom accessories etc. at a reasonable and affordable price point. The inventory is fully stocked, and without any stock up, it can sustain the business at least for a year with no issues. A/C system has been replaced recently with a new unit which is top-of-the-line in the industry. Most of the customers are individuals from the densely populated residential neighborhoods as well as families coming to nearby prime shopping center and nationwide retailers. Population of the city is constantly growing and the demand will only keep rising as more residential neighborhoods are filled. Gross sales of this bedding and fabric store have been consistent for the last several years running at around $137,000/year due to its prime location as well as high quality products and an affordable price point that allows families to be regulars when buying home goods. Currently, no marketing is done to proactively grow the business and there are many ways to proactively market this business such as direct mailing, flyers, social media outlets, wholesale, bulk purchase discount, bundle deal etc. This is a great opportunity to acquire a home bedding & fabric store for any potential buyer who is willing to be more hands-on in the day to day operation and marketing to reach out to untapped areas of the city.
Furniture, Fixtures & Equipment: $80,000 (Included in listed price)
Inventory: $49,000 (Not Included in listed price)
Financing: 100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers.
Year Established: 2016
Facilities: This business is located in a 1,503 SF end-cap space of a retail strip center anchored by a national big box retailer and the major highway that brings consistent traffic to the area.
Support/Training: Owner will provide sufficient training for an agreed upon period to make the transition into the business as seamless as possible.
Reason Selling: Other opportunities
Competition: There are no competitors within the immediate market area that specialize in this type of business.
Growth And Expansion: There is no marketing done except thru word of mouth and signage on the store.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.