Famous Furniture Store in Same Spot 50 Yrs! 50% Seller Financing!
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Famous Furniture Store in Same Spot 50 Yrs! 50% Seller Financing!
Monmouth County, New Jersey
$ 2,000,000

Known for its famous commercials, this iconic 22,000 sq. ft. furniture retail furniture store has been in business for over 50 years and currently generates $2 million in annual sales with no advertising. The store includes $350,000 in inventory and has four long-term employees, each with over 20 years of experience. The current owner is retiring but will provide up to six months of training to ensure a smooth transition. The business has long-standing supplier relationships that will continue. It is located on a busy highway, and the property owner will offer a long-term lease below market value. With no current marketing efforts, a new owner has the opportunity to increase sales through advertising and online expansion.

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Property Types

Listing Details

Famous Furniture Store in Same Spot 50 Yrs! 50% Seller Financing!
Price:
$ 2,000,000

Location:

Monmouth County, New Jersey
Down Payment:
$ 1000000
Down Payment: $ 200000
Sales:
$ 1800000
Sellers Discretionary Earnings:
$ 250000
Furniture, Fixtures, and Equipment:
$ 50000
Rent:
$ 30000
Employees:
4
Year Established:
1975
Reason for Selling:
Retirement

Disclaimer: The numbers are current estimates and are subject to change.

Business Description

Known for its famous commercials, this iconic 22,000 sq. ft. furniture retail furniture store has been in business for over 50 years and currently generates $2 million in annual sales with no advertising. The store includes $350,000 in inventory and has four long-term employees, each with over 20 years of experience. The current owner is retiring but will provide up to six months of training to ensure a smooth transition. The business has long-standing supplier relationships that will continue. It is located on a busy highway, and the property owner will offer a long-term lease below market value. With no current marketing efforts, a new owner has the opportunity to increase sales through advertising and online expansion.

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Down Payment: $487500 Sellers Discretionary Earnings: $185934

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