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