Mattress, Furniture Store, OC, $100k Net Income

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Background

BizEx ID:BizEx1221-DM
General Location:Orange, CA
Category: Retail
Furniture
Years in Business:6
Under Present Owner:6
Hours of Operation:7 Days: 10:00am - 6:00pm
Owner Hours:Varies
Training:2 weeks @ 40 hours
Organization Type:LLC
Lease Expiration:2020 +5yr
Lease Options:5yr
Building Size:1835
Employees:1
Reason for Sale:Moving out of state

Financials

Asking Price:$89,000
Down Payment:Negotiable
Gross Sales:$225,000
Discretionary Cash Flow:$100,000
FF&E:$3,000
Inventory Included?Yes
Inventory:$20,000
Min. Operating Capital:TBD
Real Estate Available?No
Rent:$2,650

2018 YTD 2017 2016
Gross Sales $ 200,000 $ 195,000 $ 195,000
Gross Profit $ $ $
Disc. Earnings $ 100,000 $ 92,000 $ 86,000




Don Mellem
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 155
Direct: 310-882-2200 x155
Lic#: 01845922




Eric Mellem
Business Broker/ M&A Advisor
4551 Glencoe Ave. #210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations