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Famous Furniture Store in Same Spot 50 Yrs! 50% Seller Financing!

Listing Number: 189597-862666

Listing Details

Famous Furniture Store in Same Spot 50 Yrs! 50% Seller Financing!

Price: $2,000,000
  • Business Category: Furniture Retail
  • Down Payment: $1,000,000
  • Sellers Discretionary Earnings: $250,000
  • Total Sales: $1,800,000
  • Location: Tri County, New Jersey, United States
  • Inventory: $350,000
  • Agent: Libby Rabinowitz
  • Year Established: 1975
  • Reason for Selling: Retirement
  • Listing Number: 189597-862666

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    Business Listed By

    Libby Rabinowitz

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    Business Description

    Known for its famous commercials, this iconic 22,000 sq. ft. furniture retail furniture store has been in business for over 50 years and currently generates $2 million in annual sales with no advertising. The store includes $350,000 in inventory and has four long-term employees, each with over 20 years of experience. The current owner is retiring but will provide up to six months of training to ensure a smooth transition. The business has long-standing supplier relationships that will continue. It is located on a busy highway, and the property owner will offer a long-term lease below market value. With no current marketing efforts, a new owner has the opportunity to increase sales through advertising and online expansion.