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Legacy NYC Home Goods Store - 90% Financing to Qualified Buyer

Listing Number: 6842-460176

Description

Famous Name Home Goods Store with great reputation on Upper East Side! What began as a hardware store in 1963 today remains independently owned and focused on the areas they know best — the finest luxury bed and bath linens, designer lighting, table linens, fragrances, and decorative accessories — along with a unique assortment of furniture and paper goods. The Company's largest direct competitor is Bloomingdales, followed by certain other small boutiques. The biggest growth opportunities include sales training for the staff to increase customer conversion as well as an expansion of the company’s presence online. In addition to purchase price, buyer to acquire salable inventory of approximately $3,365,848.

Listing Details

  • Price: $ 2,900,000
  • Down Payment: $290,000
  • Sellers Discretionary Earnings: $ 892,569
  • Total Sales: $ 4,282,155
  • Location: New York County, New York

  • Inventory: $ 3,365,848
  • FF&E: $ 100,000
  • Employees: 9
  • Year Established: 1963
  • Reason for Selling: Other Business Interests
  • Category: Retail Miscellaneous
 Legacy NYC Home Goods Store - 90% Financing to Qualified Buyer

Business Listed By:

Eric Straus
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