John B. Charleston, III, MBA
Price: $2,000,000
Location: Metro Atlanta, GA
Listing ID: 1108-17749
Listing Status: New
Description
Profitable and well established furniture liquidator company. The current owner purchased the company in 2008 and has grown it from $156,000 to $3.5MM in revenue in 2023. The business generates revenue through contracts with general contractors renovating hotel properties and through selling used furniture. The furniture to be sold as used furniture is sourced from those hotels when hotel owners have their properties renovated. The removed/used furniture is sold either wholesale to other hotels, motels, timeshares, condos or apartment complexes; or retail to the general public from their showroom/warehouse. The company has become one of the largest sellers of used hotel furniture in the Southeast and East Coast.
LISTING DETAILS
Total Sales: $3,450,477
Cash Flow: $579,311
FFE: $114,300
Inventory: $125,000
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