Issue link: http://deals.uberflip.com/i/1535917
FLORIDA'S PREMIER FURNITURE CONSIGNMENT AND HOME DECOR RETAIL STORE Price: $395K #62746 BUSINESS HIGHLIGHTS Founded in 2006, this furniture consignment and home décor retail store is located in Hillsborough County, Florida. The Company's inventory consists primarily of consignment items, but also includes many pieces from model homes and retail furniture store close-outs. Furniture and décor is priced up to 90% off retail and offers a tremendous value to customers, whatever their budget. All consignment items are sold on a 50/50 split, with an average of three weeks to sell. In 2022, revenue was derived from furniture and home décor sales (96.3%), delivery services (3.4%), and repair/clean fees (0.3%). The Company has no direct consignment compe tor within 30 miles, and the nearest compe tor retail furniture stores are 20 miles away. The Company's success is a ributed to numerous factors. For consignors, the Company offers free pick-up service, no consignment fee, hassle-free consignment contract, and monthly automa c payment. The Company has built a strong reputa on with consignors and customers for fairness and honesty, and superior service, boas ng a 4.5 Google Star Ra ng out of 139 reviews posted. Emil Nirkis Vice President - M&A E. enirkis@genera onal.com P. 678-915-9561 INVESTMENT BANK OF THE YEAR 2016 - 2017 - 2018 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 the 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. INVESTMENT APPEAL REVENUE / EBITDA Superior Name and Reputa on: In business since 2006, the Company has an excellent reputa on with many repeat and referral consignors and customers. Diversified Customer Base: No single customer accounted for more than 1% of revenue during the historical period. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account. Outstanding Growth Opportuni es: The Company's pick up service for furniture is booked 8-16 weeks in advance. The single retail loca on is not large enough to keep up with consignor demand, and the average sale me for consigned items is three weeks, indica ng strong demand from customers too. Due to the high demand of furniture resale, the Company would benefit from mul ple loca ons and addi onal trucks and drivers. Profit Percentage is Above Industry Benchmarks: The Company's 13.8% pre-tax profit margin in 2022 greatly outperformed the 2.3% industry benchmark. The Company's EBITDA margins averaged 14.6% between 2020 and 2022. Genera onal Equity 125 Park Avenue , 25th Floor New York, NY 10017 T. 212-381-7650 $400K $1.4M Revenue (PROJ) SDE (PROJ) EBITDA MARGIN 2019: 14.5% 2020: 16.0% 2021: 14.1% 2022: 13.8% EMPLOYEES Furniture Movers: 6 Sales: 7 Management: 2 Supervisor: 1 SIGN NDA ► INVESTMENT APPEAL