Family-Owned Retail Furniture Store
Off-MarketCentral Virginia, VA
Established Family-owned Retail Furniture Business Offering Residential Furniture, Mattresses, Leather Furniture, Dining Furniture, And Related Products. The Company Also Supplies Commercial-grade Furniture To Local Colleges And Operates Multiple Retail Showrooms And Warehouse Facilities.
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$1,000,000
$180,000
18.0%
1961
Past 24h
Customers
Primarily residential retail customers throughout Central Virginia and surrounding counties. The business also serves commercial customers, including local colleges purchasing furniture for campus facilities.
Customer Acquisition
Primarily through word of mouth, repeat customers, referrals, and its longstanding local reputation. The company also receives customer inquiries through its website and by telephone. It currently conducts no paid advertising, although it previously used television and radio advertising.
Team
Approximately four employees, consisting of two salespeople and two delivery personnel, in addition to the husband-and-wife owners. The business currently relies on both owners for management and administrative oversight.
Owner's Role
The owner oversees sales, general business operations, delivery trucks, and building maintenance. His wife manages office administration and related responsibilities previously handled by an office manager. Both remain actively involved in overseeing the business. Weekly working hours were not specified.
Reason for Selling
The owners are looking to retire after decades of operating the family business.
Contracts
No ongoing contracts were reported with college customers. Commercial orders are placed as needed, sometimes through a competitive bidding process.
Real Estate
Potentially. The owners are open to including the real estate if it makes the acquisition more attractive or easier to finance. The business operates from multiple buildings across the street from one another, with approximately 33,000 square feet of retail space plus warehouses. One two-story building is approximately 18,000 square feet and has been configured with kitchens and bathrooms upstairs, potentially allowing conversion into separate rental units.
When Are You Looking to Sell
ASAP
Licenses Required
Only a standard business license is required
Additional Notes
The business has operated continuously within the same family since 1961, and the current owners acquired full ownership in 2001. The owners reported historical annual revenue reaching approximately $2 million during periods of active advertising, including approximately $1.5 million in 2023. They have deliberately reduced advertising and maintained annual revenue above $1 million. The company maintains accounts with major furniture suppliers, including suppliers of commercial-grade furniture. The owners estimate approximately $100,000 in inventory, although the amount fluctuates and requires confirmation. The business does not currently offer online furniture sales or drop shipping, despite receiving inquiries from customers outside its immediate service area.
Business ID: 2138
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