Office Furniture Retailer, Wholesaler, Dealer For Sale

Business description

This is an Office Furniture (Used 75% and New 25%) Business involved in Retail (including Internet Based Sales), wholesale (10% of business), repair rervices and moving services via its own truck. The company was established in 2003 by the its founder who now wants to focus on other business interests. The Seller currently devotes about 40 hours in this business and is assisted by a independent contractor who is functioning as his handyman, and moving contractor. He also has a outside salesman who is working on commission basis as an independent contractor. This business is the only used office furniture retailer/wholesaler of its kind in Lake County. It is housed in an approxiately 8,000 square feet facility on a hight traffic commerial location of a major city of Lake County. As far as expansion capabilities are concerned, the business has the potential of growing outside of its current territory which is covering primarily Lake, Geauga and some easter part of Cuyahoga County. This expansion can take place both on the Selling side and on the Buying side of used office furniture. The new owner could also expand the current level of this company's internet based sales.

The current lease rate is $2,700 plus a NNN charge of $300 per month until August of 2009. Then there is an option for another 5 years during which the rent will be increased to $3,000 per month plus NNN charge to be calculated when the lease will be renewed. The business is being offered at an asking price of $75,000 plus the company's truck at $15,000 plus its inventory at the time of sale to be priced at cost. Currently the inventory is worth about $50,000.

Franchise terms

Not Applicable

Property information

Real Estate:

Lease

Lease terms:

Lease expires on August 30, 2009.
There is an one 5-year option.
Lease Rate: $3,000 per month.

Living accommodation:

Not Applicable

Location:

4-lane commercial street. Nice location.

Other information

Expansion potential:

The business has the potential of growing outside of its current territory which is covering primarily Lake, Geauga and some easter part of Cuyahoga County. This expansion can take place both on the Selling side and on the Buying side of used office furniture. The new owner could also expand the internet based sales.

Competition / Market:

The business has the potential of growing outside of its current territory which is covering primarily Lake, Geauga and some easter part of Cuyahoga County. This expansion can take place both on the Selling side and on the Buying side of used office furniture. The new owner could also expand the internet based sales.

Support & training:

Seller will support as necessary.

Reasons for selling:

Seller wants to slow down and focus on other interests.

Trading hours:

10:00 to 5:00

Financing available:

Not preferred.

Furniture / Fixtures value:

$25,000 (included in the asking price)

Inventory / Stock value:

$50,000