Listing Number: 76931-831336
**2021 SDE was over $285,000**
*2021 Sales were OVER $1.3 Mil*
OWNERS WILL SELL EACH STORE SEPARATELY AS WELL!
In business since 2012, this rustic furniture store consistently has sales well over $1 million and has only become more profitable over the last three years. The current owners pay themselves approximately $200,000 a year, and there are significant add-backs and owner benefits that bring the SDE close to $275,000 per year. The business’ main location is in the Humble area with a satellite location that was opened in October 2020 in the Alvin area. Until 2020, the satellite location was in Baytown.
The lease at the satellite store is up in October 2022, so any buyer could decide to renew there or consolidate the business at the original store. Profitability has increased over the last 2 to 3 years due to the current owners finding a new, much lower priced wholesale provider, and rent has decreased in the last couple of years as well. The owner negotiated a lower rate at the Humble store, and they currently pay just over $6,000 a month for over 10,000 ft.². Currently, the sellers both work in an owner/operator capacity, but any new buyer could hire a full-time general manager at $100,000 a year and still have a SDE of over $150,000.
With the current real-estate market and influx of people moving to Texas, the need and desire for furniture, especially this popular rustic style, is only expanding. As you will see in the financials, there are many owner benefits. The current owner runs their health insurance, cell phones, fuel costs and other vehicle costs through the business legitimately. Any potential buyer would step into a highly profitable turnkey operation.
- Price: $ 645,000
- Down Payment: $645,000
- Sellers Discretionary Earnings: $ 285,789
- Total Sales: $ 1,303,322
- Location: Harris County, Texas
- Inventory: $ 50,000
- FF&E: $ 5,000
- Year Established: 2012
- Reason for Selling: Other opportunities for seller
- Category: Furniture Retail