Issue link: http://deals.uberflip.com/i/1489093
Michigan Two-Loca on Furniture Retailer Joe Hige, Senior M&A Advisor Tel: (248) 982-6400 Fax: (972) 232-1132 Email: jhige@genera onal.com www.Genera onal.com I www.DealForce.com 2022 Est. Revenue $2.4MM I 2022 Est. SDE $150K Highlighted Investment Considera ons • Diversified Customer Base: The Company has developed an excellent reputa on within the local area for supplying high -quality furnishings. Over the historical period, it experienced no customer concentra on. • Strong Supplier Rela onships: The Company represents many well-known furniture and ma ress brands, and has strong and long-standing rela onships with them. • Cash Business: Customers pay with cash or credit card. As such, the Company consistently generates cash from sales. • High Barriers-to-Entry: The furniture stores industry in the US is mature, and new entrants into the market must overcome the iner a and economies of scale enjoyed by the established players, thus making entry more difficult. For more information, please sign the Confidentiality Agreement DISCLAIMER: All informa on contained in this document has been provided by the subject company to Genera onal Equity and while believed to be correct has not been verified. Accordingly, Genera onal Equity makes no representa ons or warran es as to accuracy and truthfulness of such informa on. The recipient hereof acknowledges that Genera onal Equity shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Genera- onal Equity of this document. At all mes Genera onal Equity and its affiliate network members is an agent for the seller and not for the buyer. Genera onal Equity's fees are paid by the seller. The Company is a family owned furniture retailer that features an extensive selec on of living room, bedroom, dining room, and home office furniture, as well as accessories and ma resses. It operates through two loca ons; one of the loca ons offers tradi onal furniture and the other loca on offers contemporary furniture to clients in Michigan. The Company also offers interior design services and furniture delivery. It primarily services the residen al market, but also works with local builders and developers on models and commercial projects, as well. The Company has over 27,000 clients in its database, and es mates that 60% of revenue comes from repeat business. It operates from two separate 17,500-square foot retail stores, as well as 3,000 square feet of a 60,000-square foot warehouse, and is currently staffed by eight full- me and five part- me employees. The warehouse facility is located near valuable river front property. All three facili es are leased from a related party, and are also available for sale. This Offering is Pre-Qualified for SBA Financing. Click here to learn more. Client #65429