Scandinavian Furniture Brand Seeking US PartnersListing: #PAE00300
About this Business for sale in Eastern PennsylvaniaScandinavian Furniture Brand Seeking US Partners
This global retail furniture brand specializes in premium design and quality for the cosmopolitan-minded customer, creating outstanding modern and sophisticated living spaces at affordable prices. The Company began as a small furniture manufacturer in Denmark, in 1952, and has evolved into a premium retail lifestyle brand, with close to three hundred stores in over sixty countries. The Company became a retailer in 1993, opening its first brand store in Paris, France.
The Company designs, produces and sells contemporary furniture, accessories and lighting for living, dining, sleeping, home-office and outdoor spaces. It also helps customers personalize their homes with comprehensive in-home or store interior design service. The Company style is best described as design excellence rooted in heritage with a keen eye to the future.
The Company has over 25 years of franchise experience with 300+ stores spanning 65 countries and six continents. The Company has ambitious expansion plans to reach 600+ stores globally in five years while continuing to grow through its three main channels: Retail, B2B and E-commerce.
The investment in retail stores would be an attractive opportunity to a strategic buyer familiar within the industry, looking to capitalizing on the market presence of the brand. This may also be an attractive opportunity for investment buyers due to the growth opportunity, support network and historical success. A buyer with expertise in the residential designer space might find a retail location or design center location an attractive proposition.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.