Listing Number: 6842-974147
The brand and manufacturing company sold exclusively in these stores is privately owned since launching 150 years ago. Artistic design, contemporary style and quality manufacturing are key components which is why they work with highly respected, furniture designers. These collaborations produce furniture collections and complementary decorative accessories, including lighting, rugs, textiles, occasional items and more, that enable discerning consumers to create bold, beautiful and cutting edge living spaces in tune with their lifestyle.
These two stores are the exclusive Manhattan dealerships for the brand. They are in prime retail locations in fashionable, upscale neighborhoods.
Since acquiring the stores in 2010, this owner has consistently produced $9-10 million in revenue and solid profit margins. Recently, they have developed an Interior Design department and a Contract Division. These two areas are creating additional revenue and there are many large contract and design projects in the pipeline for 2019 and 2020.
Product sales come through retail sales and client/designer relationships. They sell to consumers, contract clients (hospitality, condominium common areas, restaurants) and to the trade (designers, architects, developers, etc.).
- Price: $3,999,000
- Down Payment: $3,599,000
- Sellers Discretionary Earnings: $1,061,936
- Total Sales: $9,149,481
- Location: New York County, New York
- Inventory: $400,000
- FF&E: $15,000
- Employees: 15
- Year Established: 1988
- Reason for Selling: Retirement
- Category: Furniture Retail,Interior Design/Dec