Description of the business for sale
RETAIL: Established Space Saving Furniture: National franchise with two retail showrooms and 2,000 square foot warehouse. The business custom designs and installs smart, multi – purpose, space – saving room solutions. Voted one of the top 500 franchises by Entrepreneur Magazine in 2006 and 2007. The business has consistently produces well over $250,000 in annual benefit. Design consultants create beautiful, extremely functional multi – purpose rooms centered around the Murphy Bed, and areas such as home offices and media centers, using modular units make with commercial grade materials and hardware. This constitutes about 77% of the revenue, while 23% is the result of designing custom closets, garages, laundries and pantries, to suit the customer’s needs. The units are manufactured by the Franchisor, shipped to the owners’ warehouse, and then installed in the home. The homeowner receives a high quality product specifically designed to fit both their space and function needs. The have operated the business at their comfort level, which is between $1,100,000 and $1,500,000 in annual sales – well below its potential. The present owners made a lifestyle choice to have the business open for only 40 hours per week. Receivable are minimal, as 50% cash or credit card deposit is taken with order, and the remaining 50 % is due upon installation, which occurs 2-6 weeks later. Located in major metropolitan area, in Jacksonville, Florida.
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Support / Training provided by seller
4 week training form the seller at no cost to the buyer
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Description of the facilities
Lease Amount: $9,573 per month - FF&E: $226,000 Included - Inventory: $85,000 Included
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