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Businesses For Sale > Business For Sale in Maryland (MD)
Thriving Home Furnishings & Consignment Store for sale in MD
Maryland (MD)
| Asking Price: |
Gross: |
Cash Flow: |
| $ 850,000 |
$ 1,565,083 |
$ 320,585 |
Furniture and Fixtures Value:
$ 42,000 (included in the asking price)
Inventory Value:
$ 30,000 (included in the asking price)
Real Estate:
(not included in the asking price)
Business Summary:
Are you passionate about quality home furnishings and seeking a remarkable opportunity to own a successful business in the vibrant world of selling estate furniture? Look no further! We are thrilled to present an exceptional estate furniture business now available for sale.This local furniture business has operated since 1986 and has developed a reputation for offering customers high-quality, unique, and authentic home furnishings. The company prides itself on its extensive collection, which includes a wide range of furniture styles, periods, and origins. They have positioned themselves as a trusted source for estate furniture, catering to customers who appreciate these pieces' historical value and craftsmanship.One of the company's key strengths is its ability to source rare and valuable furnishing. The business has established strong relationships with retirement communities, elder care facilities, estate sale companies, auction houses, and other furniture dealers, allowing them to access various sought-after pieces. For over two decades, they have developed an extensive database of over 10,000 sold pieces to assist with understanding the market value of the pieces they buy and sell. In addition, they maintain a database of 4,700 buyers searching for specific pieces; this gives them the advantage of knowing what products are currently in demand. Products only sit in the showroom for a short time! With its established presence in the local market, strong relationships, commitment to authenticity, and customer service, this business is well-positioned to capitalize on the increasing demand for one-of-a-kind furniture. By implementing a comprehensive marketing strategy and expanding its online presence, the company is positioned to grow further and become the region's leading destination for estate furniture enthusiasts.
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| Year
Business was Established: 1986 |
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| Number of Employees:
3 FT/7 PT |
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| Facilities / Terms of Lease:
Their spacious and inviting 9,000 square feet showroom offers an unforgettable shopping experience, attracting passionate collectors and casual enthusiasts alike. |
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| Potential
Growth/Expansion:
Opportunities for Growth:
Expansion: The business has significant potential for growth, with the option to increase showroom space or open additional locations in neighboring areas
E-commerce Enhancement: Further capitalize on the growing trend of online shopping by expanding the online store, offering worldwide shipping, and participating in popular e-commerce platforms.
Collaborations: Forge strategic partnerships with local interior designers, antique dealers, and event planners to attract a broader customer base and establish a strong network within the industry.
Marketing Initiatives: Implement and grow targeted marketing campaigns, such as email newsletters, social media promotions, and trade show participation, to raise brand awareness and attract new customers. |
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| Competition:
The estate furniture market has experienced steady growth over the past years, driven by the increasing demand for vintage and unique furniture pieces among individual customers and interior design professionals.
Maryland's Used Goods Stores industry is expected to grow an annualized 7.1% to $611.6 million over the five years to 2022, while the national industry will likely grow at 4.6% during the same period. Industry establishments increased an annualized 1.7% to 1,528 locations. Industry employment has increased an annualized 3.3% to 6,803 workers, while industry wages have increased an annualized 9.3% to $153.5 million. (IBISWorld, August 2022) |
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| Owner
willing to finance:
$45K down/$45K over 120 mos. @ 10%/Other Financing. |
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| Owner
willing to train:
Will train for 4 weeks @ $0 cost. |
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| Reason for selling:
Retirement. |
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Seller Reference Number: 2403-17901
BusinessMart.com Listing Number: 301768 |
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To request more information
on this business
please fill out the form shown right 
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For
more info contact:
Evelyn Correa
Murphy Business & Financial Services
727-725-7090
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