GLOBAL FURNITURE COMPANY SEEKS TO CONVERT IT’S TWO NEW YORK CORPORATE STORES INTO FRANCHISEE LOCATIONS
(Furniture, Retail)
New York, New York
Listed Price: $ 750,000
Listing ID: MCNY888112
Listing DetailsGross Revenue: $ 5,172,000
Cash Flow: $ 268,484
FFE: (Included in Price)
Inventory: $ 400,000
Franchise Info: Available upon request
Form of Ownership: LLC
Terms and Conditions: Negotiable
Reason for Sale:
Franchisor is converting it’s two New York corporate locations to franchisee stores.
Training & Support:
Complete training from the Franchisor and total turn-key support will be provided.
Listing SummaryBusiness Description:
The franchisor is a 70 year old international Furniture Brand with over 300 locations worldwide in over 60 countries. They are converting their two corporate stores in the New York metropolitan area to franchisee locations.
The franchisor will only sell the two New York high profile stores to an individual or group that has the mindset, ability and financial capacity to open additional stores and successfully maximize the New York Tri-State territory.
Franchisee / Partner Opportunity Offers:
· Low Investment / High EBITDA
· Stronger ROI than other franchise concepts
· A business model for franchisees that yields quick cash flow generation
· Comprehensive support for Franchisee partners
· A well known international brand
· An updated seasonal range of contemporary and modern furniture
· A franchise system that has been developed, proven and tweaked for success over 30 years
The franchisee partner will become part of an exceptional turn-key franchise system with high customer loyalty and repeat add-on purchases.
Historical Summary:
Since opening its first franchise in Europe in 1993 the company has become a global leader in the design of bold, stylish furniture, boasting 300+ locations in over 60 countries around the world.
This franchisor differentiates itself by offering premium quality, modern designs that elevate interior spaces to achieve their full potential. The company remains focused on creating functional furniture for the urban consumer through partnerships with the world’s leading interior designers.
The company’s first U.S. store location was opened in 2002.
Owner Qualifications:
Solid business background with prior business ownership a plus.
Competition:
Limited to upscale furniture brands in the marketplace.
Potential Growth:
Significant
Financing/Terms:
Negotiable
LocationMonthly Rent: $ 59,325
Square Footage: 11410
Type of Location: Stand Alone
Facilities:
The New York flagship store is located in New York City and the 2nd store is located in an upscale high-end mall in a suburb of NYC.
OperationYear Established: 2015
Days & Hours of Operation: Mon – Sat 10:00 AM - 6:00 PM and Sun 12:00 PM – 5:00 PM
Employees: 9
Managers: 2
Absentee Owner: Yes