Business Summary:
For sale is a turnkey operation equipped with everything necessary to run a successful home furnishing company, including vehicles, an office, showroom, tools, and computer equipment. With profitable contracts secured well into 2024, you can start earning revenue from day one.
This is a well-established business that specializes in high end products and boasts a dedicated team of key employees, ensuring a seamless transition for the new owner. They have many repeat customers and cater to all segments in their space including replacements, repairs, & new residential construction.
This part of Florida is booming with new residents ensuring a great landscape to grow and scale the business. It is a great opportunity for buyers with and without experience in this industry. The seller is willing to make sure there is a smooth transition and able to stay on for a longer timeframe as a paid consultant as necessary.
Company & Market Highlights
Started in 1997 and has experienced consistent growth and profitability ever since.
The business stands out due to its long-standing reputation, exceptional customer service, and a high rate of repeat customers and referrals.
The potential for growth and expansion is significant.
Real Estate is located in an over 2,000 square feet of prime retail showroom and warehouse space on heavily traveled road.
Company has an established management and sales team.
SBA Prequalified.
Possible E-2 Visa.
Expansion within interior designers and real estate can further boost referrals and increase market reach.
According to IBISWorld, home furnishing stores revenue is expected to climb at a CAGR of 1.7% to $69.5 billion through the end of 2024, including growth of 2.2% in 2024 alone, with a strong economy and favorable trends in housing markets spurring an uptick in sales.
Economic growth is expected to continue in the coming years and will fuel further growth in sales for home furnishing stores. Improvements in the consumer confidence index, per capita disposable income and private spending on home improvements will increase purchases at stores.
Some consumers use sites like Pinterest for design inspiration, contributing to more customers shopping for home furnishings. Still, competition from big box retailers, online sellers and discount stores will continue to intensify in the coming years, limiting growth to a degree. Revenue for home furnishings stores is expected to grow at a CAGR of 3.4% to $82.3 billion through the end of 2029.
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