Sales Of Furniture Appliances And TVs In Virgina For Sale

Business description

This well established retail business has an excellent reputation with high repeat and referral customers. They have a A-1 rating with the BBB. This business offers furniture sales, appliances and Televisions. They have been offering name brands such as Bassett, Standard, Bernards & Broyhill since 1949. The current owner purchased the store in 1988 and has been extremely successful in offering the finest quality home furnishing products as well as maintaining outstanding customer service. Call today for more details!


This well established furniture and home appliance retail store that has been serving the area for over 62 years. They have always strived to satisfy their customer’s needs to continue getting their business and getting new customers from word of mouth advertising. They also have built long-lasting relationships with many of their customers. SFC offers a "Buy Here, Pay Here" (in-house) financing for their customers, which creates a separate business in itself, as a finance company.

Products and Services Offered
80% of sales to furniture & upholstery. The other 20% is directed towards appliances and electronics.

All inventory, equipment, & accounts receivable are included in the sale. As well as a 2001 Isuzu van and a 2005 GMC van.

Property information

Real Estate:

Lease

Premises details:

Property roof in very good condition and a new heating & air condition. Business can be expanded at the current site. The 30,000 sq ft building was built in the 1960's and is in good condition. It consists of 5 offices: two 12x20 offices and three 10x10 office. this is part of 15,000 sq ft of storage and 15,000 sq ft of shop area which also includes an 8x10 staff room. The property is located on 1.6 acres of land. Property valued at $900,000 the property is available for additional cost.

Business Operation

Expansion potential:

Growth and expansion could be obtained by increasing the advertising and hiring a more aggressive management team and buying more inventory. Adding several other locations would result in additional profit centers for a new owner.

Competition / Market:

There is some competition in the area, but customers have chosen this fine business for their quality products, superb customer service and attention to detail. This fine company utilizes all media advertising, this has successfully brought in approximately 15% new customers every year!

Trading hours:

Days: Monday-Saturday
Hours: 9-6

Employees:

17

Years established:

1988

Other information

Support & training:

Owner will stay for a reasonable transition to help acclimate new owner to the area, business and customers. Employees would most likely be available after the sale. $860,000 Accts Receivable included in the sale.

Inventory / Stock value:

$270,000 (included in the asking price)

Website:

www.intlag.com/