Fast Growing Highly Profitable Luxury Furniture BusinessListing: #SV00049
About this Business for sale in CaliforniaFast Growing Highly Profitable Luxury Furniture Business
Founded in 1994, this highly profitable ,well established furniture business specializes in furniture imported from Europe. The business has exclusive marketing agreements in place with some of Europe’s most prestigious brands. Their supplier relationships have been built over the last 20+ years. This business offers unique and exclusive furniture collections many of which are not offered by other major furniture stores.
The founders have put significant effort into creating their unique product mix after conducting comprehensive market research. Their specialized product offering attracts new customers and keeps their loyal repeat clients. Their customer base is high net worth individuals including high profile CEO’s. Sales are growing rapidly thanks to their niche market positioning with 2019 sales projected to increase 100% over 2018.
This business has a beautifully curated showroom in a busy area surrounded by other major furniture stores which generates significant qualified foot traffic. Showroom sales account for 90% of the sales with e-commerce accounting for only 10% which provides great potential for developing growth in e- commerce sales.
The business has a well-developed e-commerce website in place with high natural SEO Ranking. This business also has an attractive perk of traveling to Europe to attend furniture trade shows. The owners are committed to train and support the new owner to ensure a successful transition.
*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.