BizEx252-RD: Furniture Dealer to the Stars

Background:

General Location:Los Angeles, CA
Category:Retail > Furniture
Wholesale/Distribution > Durable Goods
Years in Business:30
Under Present Owner:30
Hours of Operation:Tue-Sat
Owner Hours:9-6
Training:2 weeks, 20 hours/week
Organization Type:Sole Proprietor
Lease Expiration:N/A
Lease Options:
Building Size:2,400 sqft
Employees:0

Reason for Sale:
Retiring

Financials

Asking Price:$199,000
Down Payment:Negotiable
Gross Sales:$1
Discretionary Cash Flow:Call
FF&E:$ 5,000
Inventory Included?Yes
Inventory:$ 250,000
Minimum Operating Capital:$ 10,000
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 1,300/month
Payroll:$ 0/month
Financing:Call

20092008
Gross Sales135,694167,271
Gross Profit111,689117,169
Disc. Earnings

* YTD as of , ** = Prorated.

Broker Info


Robert Dean
Business Broker
(310) 882-2200 ext 122
LIC# 01720308

Summary

Business for sale is a well established, world renowned furniture wholesaler, distributor and retail business. This company specializes in original mid-century modern furniture designed by such masters as Florence Knoll, George Nelson, David Cressey, Ray & Charles Eames, Vladimir Kagan, Eero Saarinen, etc. The business has a 30 year history and has been voted "Best Of" for over 20 years. Many pieces are museum quality and have been featured in many publications.

They have been featured in Vogue, Architectural Digest, Los Angeles Times, Home & Garden, L.A. Magazine, Metropolitan, L.A. Weekly, Lightening, and many more. Clients for the company include Ellen DeGeneres, Brad Pitt, Tom Hanks, David Bowie, Jennifer Aniston, David Lynch, Flea, Liz Claiborne, Prada, Stussy, etc.

The owner wishes to retire in the reasonably near future and wants to find a capable individual to take over the business. They are willing to work hand in hand with a new owner to make sure that there is a smooth transition and to ensure that as many of the current clients as possible will stay loyal to the business.

This is a great opportunity for a young, energetic person who is interested in interior design to take over and grow the business.

To receive a complete Confidential Business Review with pictures and full concept disclosure, please register as a buyer at www.bizex.net and also contact Business Broker Robert Dean at 310-793-6757. Email: rdean@bizex.net


More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.