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Retail Furniture Store
Location: United States -> Indiana -> Porter County
Industry: Retail > Home and Garden Retail




Business Summary

9900s.f. /- retail facility with overhead door and small dock. Building was updated/new 2016 with the following: TPO 20 year warranty roof with high R ISO, high efficiency HVAC, LED 2x4 grid lighting through out with drop ceiling. Floor coverings are commercial grade carpet, EPOXY and concrete. 10 space w/handicap private customer parking, resealed 2019. Also deeded shared parking and access with neighboring building.
Very low gas/electric bill $580 monthly. Property taxes are reasonable @ $5500 yearly.
Property is located in the city center of Portage Indiana.
Portage is the largest city in Porter County and the third largest in Northwest, IN. According to the 2010 census, the population was roughly 37,000. Portage is a city strategically located 35 miles from downtown Chicago via 80-94. It is considered a heavily industrial city and has seen many large developments over the last couple of years. Residential growth in new housing is imminent.
Demographics 1 mile
Household Income
$0K - $35K
18.7%

$35K - $
75K
25.2%

$75K - $
100K
18.2%

$100K+
37.9%


Income per Thousand
$0K - $35K
Qty 253
$35K - $75K
Qty 342
$75K - $100K
Qty 247
$100K+
Qty 514

This business was built from scratch with a lot of hard work and dedication. We have an established customer following with 5 star reviews. We would like this furniture store to continue on its forward trajectory. Each year we have increased our gross by at least 15%. This business is a community pillar and competition is slim.

Building valued at $495k. Physical assets valued at $100k. Asking $500k.
Partial owner financing may be considered for the right canidate.
Contact Owner Text/Call 574-876-7779 must ask for Greg


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $585,000
Cash Flow:   $348,000
Cash Flow Type:  EBITDA
Inventory:  $90,000
Seller Financing:  Yes

About The Business

Year Established:  2013
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Owner will support/train right candidate
Reason For Selling:  Personal




Print Listing Id: 700342496
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Related Searches: Catalog and Mail Order Retail  >  Clothing and Footwear Retail  >  Computers and Electronic Equipment Retail  >  Convenience Stores Retail  >  Florist Retail  >  Health and Beauty Supplies Retail  >  Home and Garden Retail  >  Movie Rental  >  Wedding and Formal Rental  >  Other Retail  > 

Also See: Franchise Opportunities > Franchise Resales > Indiana Businesses For Sale > Indiana Franchises For Sale > Indiana Business Brokers



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