Upscale Consignment Home Furniture & Décor

, Arizona 5 views 0 favorites

Financial Highlights
Asking Price
$2,400,000
Revenue
$4,439,747
Business Description

This is a dream company for an interior designer or an HGTV addict. This exquisite furniture store has a revolving door of inventory, so it’s non-stop designing and creating beautiful vignettes to surprise and thrill the upscale clientele. The current owner/operator founded the business in 2012 with a vision of creating a one-of-a-kind destination shopping experience featuring upscale designer brand resale furnishings, antiquities and artwork all displayed in creative vignettes. Located in the heart of designer row in Scottsdale, the business has tripled in size of sophisticated showroom space. The business is well known for quality inventory and exemplary customer service. Commensurate with the expansion of the physical space, the sales revenue has grown 30- 40% in the last 2 years and 13% annually the preceding five years. The 10-year reputation of the business has created a strong and loyal network of local luxury realtors, developers, and designers who regularly partner with the business to sell their beautiful household items. The unique business model provides a rare opportunity to own a furniture store without the high capital outlay typically required. Marketing and public relations has long been established and search engine optimization and ranking are excellent. The team is stable, loyal, and well positioned for long-term placement with the company. Customers often walk in and rave, “I absolutely love this store” and “I wish we had a shop like this in my hometown. Location: Scottsdale, Arizona Year Established: 2012 Number of Employees: 8 FT; 7 PT Real Estate: Leased Building Sq. Ft.: 30,000 Rent: $46,450.00 Per Month Facilities: Seller reports a good relationship with landlord and anticipates no issue with an acquirer securing a new lease Market Outlook/ Competition: Competitors have dwindled over the past few years because of this company’s dominance in the local market. Growth & Expansion: There is tremendous growth opportunity with business development efforts, opening on Sundays, and additional locations in the east or west valley.

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

Listed: Apr 20, 2022

Updated: 2 weeks ago

Views: 5

Favorites: 0