Description

This is a successful, one-of-a-kind North Phoenix / North Scottsdale retail business selling higher-end furniture, artwork, home décor and accent pieces produced by various manufacturers, artists and designers. For design taste of current inventory— think rustic, contemporary, modern and vintage looks, artisan hand craftsmanship, hand painted accent pieces, southwest-region and Tuscan inspired furniture and accent pieces seen in designer homes and properties.
Business has been established for over 15 years. Owner is looking to sell the business in order to pursue retirement and possible relocation due to family reasons. The business most recently produced over $230,000 in sales and delivered over $50,000 in cash flow to the owner. To purchase the business, the seller is asking for $100,000 plus inventory (i.e., $215,000 total purchase price, as inventory is currently estimated (at cost) to be $115,000). Though certainly not a requirement of a purchase, seller could even be open to remaining on as a part-time employee post-transaction to facilitate a transition and stay involved in a limited capacity (if new owner wanted).
Business is located in a busy North Phoenix community and location that delivers consistent walk-in traffic, sales and cash flow. The business is the “go-to” stop for its immediate community for such furniture and accent pieces and faces little (if any) direct competition in the immediate surrounding area.
For the right buyer, this business also presents tremendous upside, growth and opportunity to make his/her own stamp on the business moving forward. Not only has current ownership barely "scratched the surface" on marketing the business and promoting its featured manufacturers, artists and designers, but also, with a little creative energy and efforts, a new owner could easily update and more optimally position the business moving forward through:• Establishing an improved online presence— develop a web site (currently non-existent), ecommerce platform and use social media to better create awareness and marketing buzz;• Working with real estate agents, designers and/or home staging businesses on incorporating a home staging component of the business; • Better promoting featured manufacturers, artists and designers; • Introducing more consignment-type arrangements with manufacturers, artists and designers to enhance the showroom/gallery feel, further create a constantly changing inventory, and create more opportunities for local artists and designers to feature their work more prominently.
This is a successful, ongoing and known business and location that not only produces NOW on both the top- and bottom-line but also one that could be an absolute “blank slate” for the right buyer to put their fingerprints on moving forward.
Contact Mike Cauley at mcauley@sunbeltnetwork.com or 480-323-5083 to learn more about this opportunity.

Financial Summary

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