IDeal Furniture Store/Distribution Center with territory

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Financial Highlights
Asking Price
$179,000
Revenue
$92,000
Business Description

#1 BUSINESS OPPORTUNITY IN THE US IDEAL FURNITURE & MATTRESS stores are locally owned and operated with the National buying power of the IDEAL Furniture Group, this allows us to get the best prices from name brand manufacturers such as Ashley, Simmons Beautyrest, Serta, Acme, Coaster, Furniture Of America, Panama Jack, Pelican Reef (and many more) just like the big box retailers carry, the difference between the big box retailers and ourselves is we don't pay the high retail rents, have commission sales people, waste tons of money on advertising or have a huge warehouse to pay and that translates to you saving a lot of money while buying local and receiving great service! IDEAL Furniture & Mattress Store/Distribution Center located in shopping center in a established lucrative area of El Paso, Texas with other established businesses near by. This location is part of a chain of over 320+ stores throughout the US.Leasing space of about 3500 square feet ,has men's and women's restrooms and water fountain. small warehouse to keep overstock and products coming in. Building is newly renovated with new vinyl wood flooring, ceiling, walls and electrical and new refrigerated air with heating. Rock wallpaper installed by the seller for decorating purposes. No Credit Financing is in place for customers. Lease is currently $3,000 per month (CAM included)and will be going up to $3,400 a month in a few months ,lease can be renegotiated with building management or can take over lease. Seller semi-absentee in 2020. Sale price for business includes owned territory, company license and buying power of many different well known brands, all $110,000 in inventory, fixtures and displays, delivery truck with title, 40 X 20 heavy duty party Tent for TENT SALE for capabilities, Ring Alarm System, cameras, door bell, 2 DELL desktop computers, antivirus software, Google My Business Account, Printer/fax/copy machine, office supplies, 1 safe, 1 cubical wall, a reception desk used as private office, and executive desk to attend to customers, 3 office chairs and 2 guest chairs, tools with receipt and warranties, 1 dolly, 1 large cart,8 furniture pads for deliveries, cleaning equipment, and 1 choice of 2 large work tables. This business is being managed with Quick books online. IDEAL Furniture license will be transferred to the new owners name. Seller will give 3-4 weeks support coaching and training and more time training if needed. Ongoing support provided to ensure health of the business continues. You will also have available from IDEAL Furniture company headquarters monthly live webinars via zoom: for training, on going support, and updated important company information. Buyer will also have support from the company and more opportunities to join live training seminars in Las Vegas and North Carolina every 3 months. This outstanding business has the following attributes: Will guarantee that your territory is protected Besides Simmons and Serta mattress lines, we offer our own national brands that are manufactured in the same factories. No traditional advertising costs necessary No competition since Perfect Dreamer, MemoryZzz Mattresses and Kozy lines are the only national brands priced at off brand pricing. Distribution Center would normally operate out of a retail or warehouse location. Distribution Center can sell Factory Direct to the Public (optional) Existing business model is available to look at. Easily coordinate delivery for additional stream of revenue High Quality, Name Brand, New and Fully Warrantied Products In the process of adding electric adjustable beds, spas, floor covering, appliances and electronics to it’s portfolio of BigTicket items that you can make money on. Distribution Center will automatically have the ability to distribute ALL lines, as they become available. Location: El Paso, Texas Year Established: 2019 Number of Employees: 3 Franchise: Yes Real Estate: Leased Building Sq. Ft.: 3,500 Rent: $3,000.00 Per Month Facilities: Building details listed in description. Price includes owned territory, company license, buying power of different well known brands, $110,000 in inventory, fixtures & displays, delivery box truck, 40 X 20 heavy duty Tent for TENT SALE for capabilities, Ring Alarm System cameras, door bell, 2 DELL desktop computers, Printer/fax/copy machine, office supplies, safe, 1 cubical wall, reception desk used as private office, executive desk to attend to customers, 3 office chairs, 2 guest chairs, tools, equipment for deliveries, cleaning equipment, & work table. Market Outlook/ Competition: Few competitors have similar product depth and availability. Company also has immense buying power. Availability and buying power give us a huge advantage over the competition. No Credit Financing in place for customers. We also get incoming traffic from Mexico as we are very close to the Mexican border and a near by Aaron's and orthopedic center. You have the capability of keeping store closed and open only with appointments. However We have the store opened to the public from 11am-7pm Mon-Sat. This distribution center can be run with 1 or 2 people. Growth & Expansion: Not like other Franchise companies, with IDEAL Furniture you will be licensee. Company gives the flexibility allowing you to run your store/Distribution Center in any way you desire. Help you with recruiting Furniture Brokers and much more. Huge vertical growth opportunity through new product availability, expansion, and growth with company and store/distribution center location, etc. Better to have a sales/marketing oriented owner but mot necessary. Company helps recruit furniture brokers to help boost sales.

Business Details
Industry:
Beauty & Personal Care
Real Estate Included:
No
About the Seller
AU
Admin User
6498
Active Listings
New
Member Since

Listed: Apr 7, 2022

Updated: 3 days ago

Views: 12

Favorites: 0