This business-for-sale was brought to Alliant Capital Advisors by a family member. The small specialty home decor retail store which had been in business for 16 years was under duress because the owner had suddenly passed away.
The family was not in a position to operate the business, so a buyer needed to be found quickly.
Retail Home Decor Store – Leased space/No real estate
Gross Sales: $1,050,000
Owner/Operator Cash Flow: $200,000/year
Inventory: $350,000 included in purchase price
FF&E (Furniture, Fixture, & Equipment): $50,000 included in purchase price
Asking Price: $585,000
The challenge when selling any retail business this size is finding a buyer who loves the products, location, and type of customers. Also, this store would need a new owner with a decorator’s eye who could continue to curate the unique inventory and maintain the picky customers in the community.
Web placements and listing ads did not bring any strong buyers for this business. It’s hard to convey the “feel” of a niche retail store with online marketing, so the best buyer would already understand the value of the location and community of customers. Through local networking and connections in the interior design industry, Alliant brokers found a full-price, cash buyer local to the area in 3 months.
Sale Price: $585,000
If you’re interested in a free, confidential financial review of your business, please contact me, Angela Graham, at email@example.com or 256-503-2806.