Furniture-Retail 4 loc in hot, high growth Mid TN,Mgmt in place, 40+yr

Tennessee

Furniture Business with four locations, a 4th location (mattress and bedding outlet store) was opened in Feb 2023 in high growth Middle TN markets (large in-migration and rapid new apartment growth) and poised to add additional store locations. Tons of apartment construction, which is perfect for a furniture business. Great opportunity for an investor owner (active or passive) strategic buyer, Private Equity growth firm, or knowledgeable retailer wanting to purchase and grow a business. FF&E including in-store fixtures, delivery box trucks, forklifts, and warehouse racks systems, are included in the asking price. Because of their size and warehouses, they are able to purchase in container volumes, ensuring national-level pricing. A financing program (not rent-to-own), warehouses, and delivery trucks and routes are in place. Owners have developed a solid management team at the store level and at the C-suite, in anticipation of selling the business one day. The management salary costs are included in the financial recasts. The CIM/CBR package identifies the Owner's projected new store growth opportunities, where they are already doing business. They have a sophisticated POS sales systems for tracking and reporting sales by product type at the salesperson level. Tightly managed at each store. A robust marketing program exists utilizing all media types including, Google Ads, website chat, radio, newspaper inserts, and solid salesperson training. Owners are retaining the real estate, and will provide new leases at competitive terms(but real estate might be available for purchase). The CIM/CBR confidential package will not be released without evidence of the financial capacity to consider the purchase.