Furniture Store With Real Estate For Sale - Toledo, Ohio, OH - Lucas County

PROFILE: 10,500 Sq. Ft. Retail Furniture Store In A Major City, W/Real Estate Included.

AD/LISTING INFORMATION
Status: Available
State: Ohio
Location: Toledo
County: Lucas
City: Toledo
Primary Category: Retail Related
Alternate Category:   None Given
CONTACT INFORMATION  
USABizMart Ad #:  128432
Seller Or Contact:  Michael Greengard
Primary Phone:  616-285-8121
Alternate Phone:  None Given
Email Address:  See Form Below
Date Ad Started:  10/13/08
Date Ad Last Revised:   11/19/08

FINANCIAL INFORMATION
Asking Price: $895,000
Down Payment: $795,000
Annual Revenue: $1,000,000
Annual Adjusted Net: $150,000
   
DETAILED INFORMATION
Franchise: No
Relocatable: No
Home Based: No
Lifestyle: No
Real Estate Included: Yes
Bkr To Bkr Cooperation: Call

DESCRIPTION: The Owner Of This 10,500 Sq. Ft. Retail Furniture Store In A Major City In Northwest Ohio Is Selling Both The Business And The Real Estate So He Can Relocate Out Of State To Help Manage A Family Business.

This Attractive Business Opportunity Is Located In A Totally Remodeled Building On A Busy Thoroughfare. 2008 Revenues Are Pushing $1.0 Million With A Positive Cash Flow Of Just Under $150,000. The Business Turns Its $60,000 Inventory Nearly 10 Times Which Reflects The Attraction Of The Major Furniture Lines Handled By The Store.

The Business And Real Estate Combined Are Listed For $895,000 Which Does Not Include The $60,000 Of Inventory. The Seller Values The Real Estate Alone At $700,000. The Seller Will Augment Buyer Cash, A Business Loan, And Building Mortgage With As Much As A $100,000 Seller Note.

The Business Has Attractive, Knowledgeable, And Experienced Sales People Who Enjoy Working With The Broad Customer Base Served By The Store. Experienced Delivery And Set-Up Personnel Drive A Company Truck Which Is Also Included In The Listing Price.

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