Bridge Pointe, 214 Bridge Street, Building D, Metuchen, NJ 08840

 

BUSINESS PROFILE

FURNITURE RESTORATION AND UPHOLSTERY SHOP

 

Location: (2)

                      Mercer County and Camden County

Years Established 

                      28 Years

Under Present Ownership:

                      24 Years

Gross Sales:

                      $170,000

Cash Flow:

                      $  56,133    

 FF&E:

Inventory:                                                                                                               

                      $  35,620

                      $    4,800

Number Employees:

                      2

Rent:

                      $1,533 (Mercer County)

Rent:

                      $1,950 (Camden County)

Asking Price:

                      $130,000

Reason for Selling:                                              

                      Owner would like to retire

 

 

 

Summary Description:

Well established business for 28 years with a large loyal customer base. This business operates out of 2 – 2000 sq. ft. stores in high income areas with very low overhead. At the present time the store provides services that include furniture refinishing, reupholstering, repairs, caning and rushing with all DEP permits in order.

Owner estimates that with increased hours, more advertising and adding additional services the volume could increase as much as 50% and cash flow could be over $100,000.

Additional services for customers would include paint stripping and more furniture repairs. Decorating services for window treatments and accent pieces would be a natural sideline. Also, customers have expressed to the owner a need for custom made furniture and restoring old furniture and in-home furniture repair.

Owner is willing to work with the buyer in establishing a smooth transition of new ownership of the business.