Retail - Home Furniture & Furnishings | Retail - Miscellaneous Retail

Asking Price	$119,900	Inventory	$30,000**
Gross Income	$315,725	Real Estate
Cash Flow	$75,878	Year Established	1993
FF&E	N/A	Employees	3 pt

* included in the asking price

** not included in the asking price

Timely, well established used furniture/consignment shop in affluent suburb. Sales are up 13% from last year! The store displays about 200 pieces of lightly used furniture, lamps, paintings, mirrors and the like. The owner only accepts items in excellent condition, and specializes in famous quality brand names. The quality and excellence of the store s reputation is attested to by its customer loyalty, in some cases even the second adult generation shops there, those whose parents bought from the store in earlier years.

Facilities: The business occupies 3000 sq feet in a large shopping center. The lease expires in August of 2008, and has an option to renew for 3 years at $14 sq ft. NNN. They currently pay $12 sq ft. NNN. The current owner has not exercised the option and will be on month to month until the business is sold. The new owner will have an opportunity to negotiate a satisfactory lease as a condition of buying the business, once a letter of intent is entered into with the business owner. There is an option right for the tenant to add 1000 sq ft of adjacent space.

Competition: There are no known furniture consignment shops in the area, so the store enjoys a uniqueness that draws customers from other surrounding towns and even further.

Growth/Expansion: Behind the back wall of the existing space, there is another 1000 sq ft, now being used as storage space by the landlord from a rear entrance, which could potentially be added to the existing space. The current owner would have done that if he were younger and not looking to retire, as he says the business is there and the additional space would lead to more goods and more sales

Financing: Cash down is $60K + I. Seller will finance the balance over 5 years at 7% .

Support/Training: Owner will advise.

Reason Selling: Retirement