Outstanding 25,000 square foot retail furniture store location with tasteful layout and growing repeat customer sales. Bargain lease rates promise lower operating costs for many years to come. Excellent location near a Dallas mall, restaurants, and high volume pet shop drive heavy drop-in & browse traffic.
| Listing No: MBFS-600805592 | |
| | |
| Category | : | Furniture Retail | SIC | : | 5712 | |
| Detail | : | Furniture Store | Price | : | 399,000 | |
| County | : | Dallas | Down | : | 399,000 | |
| State/Prov | : | Texas | Adj Net | : | 106,104 | |
| Country | : | USA | Sales | : | 885,599 | |
| Reason for Sale | : | Owner is pursuing other interests |
| General Location | : | Dallas |
| Organization Type | : | Corp 'Sub S' Hours Owner Works: 40 |
| | : | Years Established: 4 Years Owned: 4 Emp FT: 3 Emp PT: 1 Mgrs: 0 |
| Non Compete | : | Miles: 10 Years: 2 Weeks Training: 1 Cost: 0 |
| Operating dys/hrs | : | Mon & Thurs 10am-7pm, Tues,Wed,Fri & Sat 10am-8pm, Sun 12-8 |
| Skills/Licenses | : | management, operations |
| Business is | : | Relocatable: N Home Based: N Franchise: N Lender P/Q: N |
A Dozen Due Diligence issues with Furniture Stores for Sale in Texas
In addition to financial matters, a buyer interested in a furniture store for sale in Texas should consider discussing many of the following issues with the store owner or their business broker:
What is the business strategy for operating during economic downturns?
Since furniture store sales are heavily dependent upon the housing and employment markets, what does the owner do when these markets depress furniture sales?
How much inventory is imported?
The move to increasing imported inventory has created complex supply chains. What inventory issues and controls are present?
Has celebrity branding effected the business?
About 10% of furniture store sales are for items licensed to use celebrity names.
Are there internet sales?
Although internet furniture sales are still a small portion of industry sales, this channel is growing rapidly with discounts of 30% or more.
Does the store serve both residential and office markets?
Furniture retailing is roughly divided between these two major markets.
What do you consider when buying inventory?
What system is used to determine buyer preferences and fashion trends?
Does the company deliver in its own trucks?
Delivery is now expected by consumers. How is it managed?
What are the best selling brands?
How are those supplier relationships maintained?
How is the store layout maintained?
Has flexibility been planned into the store design?
What is the advertising and promotion budget?
Are there other creative marketing methods being employed?
Who is the typical customer?
Are demographics available? Have there been any significant changes recently?
What are the biggest obstacles in hiring and maintaining staff?
Texas furniture store staff may have low wages with commission opportunities.
Resources for Texas Furniture Stores for sale
National Home Furnishings Association
How to Conduct Market Research (SBA)
Frequent Questions about Texas Sales Tax
Confidentiality Policy
As business brokers, we protect the identities of the businesses, the business owners and prospective buyers until we receive completed, signed Confidentiality Agreements and personal or corporate financial statements providing proof of the buyer’s financial competence to meet the down payment. We understand that the sale and purchase of businesses must be held in the strictest confidence to give the involved principals the opportunity to advise employees, customers and others of the transfer when they feel the time is appropriate
For additional information contact Bob Fariss
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