Business for Sale

Retail Mattress Store-South Bay

BizEx1247-CG

Background

General Location:long beach, CA
Category: Retail
Home Furniture & Furnishings
Years in Business:30
Under Present Owner:5
Hours of Operation:10AM-7PM Weekdays 10-6 Weekend
Owner Hours:Absentee Owner
Training:2-4 weeks weeks @ Flexible hours
Organization Type:S-Corp
Lease Expiration:2014
Lease Options:yes
Building Size:4695 Sq. ft.
Employees:3
Reason for Sale:New Business

Financials

Asking Price:$75,000
Down Payment:Negotiable
Gross Sales:Call
Discretionary Cash Flow:$91,000
FF&E:$30,000
Inventory Included?Yes
Inventory:$52,000
Min. Operating Capital:$50,000
Real Estate Available?No
Rent:$11,000
Financing:Call

2017
Gross Sales $ 1,396,000
Gross Profit $ 504,930
Disc. Earnings $ 176

Description

 

A consistently Profitable Mattress "specialists" store with 30 years of history in Long Beach attractively priced at $150,000 with $91,000 earnings in 2018! This business has a great long term lease in place at a desirable, busy location in a shopping center that includes Trader Joe, Target, Chase Bank and CVS. . This business has very clean books with all sales recorded and placed in Quickbooks. The business has almost 100 online Yelp reviews with a  4.5 Yelp rating earned by their excellent customer service and "white glove" delivery in their own truck (included.) Products sold include Tempur-pedic, Simmons Beautyrest, Sealy Pusturpedic, Stearns and Foster and many others.  A growing online presence positions this store for fast future growth and a full time owner presence would assure that growth. Contact Charlie at 312 404 4771.


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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.

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Charles Graziani
M&A Advisor/ Staffing Group
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 131
Direct: (312) 404-4771
Lic#: 01906842