Thriving Furniture Store placed in North of Dallas 001316
Price: $1,000,000
Location: Collin County, Texas
Industry: Retail/Furniture & Furnishings Stores
Listing ID: 001316
Located in the prestigious $5 billion mile area of North Dallas, this mid- to high-end furniture and home decor store has been established since 2021 and has experienced substantial growth each year all within a 1,207 SF space of a retail strip center. The business boasts a large social media following, loyal repeat clients, and is a turnkey operation.
**Key Features:**
- Established in 2021 with consistent annual growth trending upwards
- PGA & other major corporations moved onto this area, driving traffic.
- New homes priced between $1 million to $10 million are being built that will require luxury furniture
- Mid- to high-end furniture and home decor suited for the demographics of the area
- Strong social media presence and loyal customer base
- Turnkey business with a business owner willing to stay on as a commissioned contractor for future business prospects and potential for faster growth
- Owner also operates a synergistic companies, leading to additional furniture sales and builder deals after sale.
- Established relationships with major furniture providers and builders for quality control
- Efficiently run with a manageable workload that doesn¡¯t require high-level of skills
- Highly proficient staff that operates this business like a well-oiled machine
- Dominates their niche within the competitive marketplace of North Dallas
The current owner will assist in maintaining relationships with builders and business deals, ensuring a smooth transition.
Down Payment: $250,000
Total Sales: $1,371,691
Cash Flow: $459,340
Inventory: $50,000 (Not Included in listed price)
FFE: $40,000 (Included in listed price)
Owner Financing: No
Franchise: No
Real Estate: No
Relocatable/Home-based: No
Reason For Sale:
Other Opportunities
Training & Support:
The owner will provide ample training to enable a smooth transition into the business.
Year Established: 2021
Employees: 3PT
Absentee Owner: No
Square Footage: 1,207 SF
Facilities Information:
The showroom is located in a 1,207 SF space in a retail strip center, near a busy intersection and major DFW highways. The area contains several high-income neighborhoods of single-family homes. The interior of the business is beautifully decorated to give customers a visual sample of products and expert design service.
Competition:
There are few competitors in the area, yet each one caters to a distinct niche of individuals.
Potential Growth:
This area is experiencing exponential growth driven by major corporations relocating to this fast-growing city. PGA is one of those major corporations that is increasing the traffic to this area with the purchase of brand new homes. Majority of these newly built homes range from $1 million to $10 million in price. These homes will increase the demand of luxury furniture and home decor significantly.
Synergistically, the owner of the business operates a renovation company that caters to affluent clients which in turn works extremely well for driving traffic to this store as these customers require complete home furniture packages. The owner's expertise in this field and extending to high-end, turnkey vacation homes would continue to also drive traffic for consistent demand and revenue for the new potential purchaser.
Financing/Terms:
100% down at the time of closing or 25% Cash Down with SBA Financing for Qualified Buyers.
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