Listing Number: 0101-583309
This company is one of the most popular and successful independent home furnishing retailers in Puerto Rico. They offer a wide range of furniture designed and manufactured exclusively in South America throughout the entire island. Its rapid growth and popularity are due to the fact that it offers exclusive brands, styles, materials and technology at extremely competitive pricing that are not offered anywhere else in Puerto Rico. Currently, they are the number one seller of TV wall units and metal kitchen cabinets on the island.
Customers appreciate the fact that they can get the most contemporary and European-styled pieces unlike anything from the “big box” stores. With warehouses located throughout the island, customers can get many pieces delivered immediately after purchase, they also offer competitive and flexible financing options to its customers, including those without good credit.
2023 is expected to be an exciting year of growth for the company with the planned opening of additional locations and adding of new product categories, including appliances, baby furniture, kitchen furniture and more.
The company is currently family owned and operated, and its owners is finally ready to retire after building a successful company. It has a strong, committed, and professional staff of 21 full-time employees who are committed to providing excellent service. The existing staff is ready for any event and are reliable and professional. Included in the sale would be: $500,000 in sellable inventory, $250,000 of FF&E, and $150,000 of leasehold improvements.
Location 1 is the Corporate Headquarters and Sales Center in 30,000 sqft facility; Location 2 is an additional Sales Center in 20,000 sqft facility; Location 3 is the Central warehouse in 28,000 sqft facility (expandable to 60,000 sqft).
- Price: $4,000,000
- Down Payment: $3,600,000
- Sellers Discretionary Earnings: $597,633
- Total Sales: $2,569,041
- Location: Buena Vista, Bayamón
- Inventory: $500,000
- FF&E: $250,000
- Employees: 23
- Year Established: 2017
- Reason for Selling: Retiring
- Category: Furniture Retail