Off Market
Off Market
Successful Furniture Retail Store
$800,000
Lee County, FL
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Gross Revenue
$1,643,058
Owner's Cash Flow
$244,984
Min Down Payment
$120,000
Employees
5 FT
Business Summary
Originally founded more than a decade ago, the furniture retail store has grown to be a leading office furniture retailer in Southern Florida. The business holds longtime success in the furniture retail industry due to their marketing efficiency, large number of product offerings, and open showroom which allows prospective customers to view and try products prior to purchase. The company offers multiple varieties of seating options, desking and tables, filing and storage systems, and Evolve Systems with power strips built into the furniture.
Key Highlights
Year established
2007
Real estate
Owned will sell
Reason for selling
The current owner is retiring to spend more time with family outside of Florida.
Support and training
The current owner is willing to stay on for up to two months to help train the buyer.
Broker of Record
Jon Nesbitt, FL License #3293538
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Consolidated Cashflow
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Gross Revenue | $2,976 | $5,418 | $2,121 |
| COGS | $7,370 | $6,639 | $5,515 |
| Gross Income | ($4,394) | ($1,221) | ($3,394) |
| Operating Expenses | $9,885 | $8,159 | $3,581 |
| Operating Incomes | ($14,279) | ($9,380) | ($6,975) |
| Net Other Income (Expenses) | ($4,810) | ($6,992) | ($8,633) |
| Net Income | ($19,089) | ($16,372) | ($15,608) |
| Interest | $6,765 | $9,598 | $6,066 |
| Depreciation | $8,637 | $8,956 | $1,045 |
| Amortization | $7,237 | $7,201 | $5,487 |
| EBITDA | $3,550 | $9,383 | ($3,010) |
| Add-backs | $67,415 | $79,807 | $52,827 |
| Owner's Cash Flow | $70,965 | $89,190 | $49,817 |
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Projected Free Cash Flow
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