Global Furniture Co. Converting 2 NY Locations

New York, NY
Asking Price: $750,000
Business For Sale Details
Listed on Dec 1, 2022

Global Furniture Company Seeks To Convert It’s Two New York Corporate Stores Into Franchisee Locations

Business 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.

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.

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Financials (USD)

Asking Price $750,000

Cash Flow $268,484

Sales $5,172,000

Deal Terms

Represented by broker? Yes

Buyer Fee? No

Seller Financing? Available On Request

Willing to co-broke? No

Principals only? Yes

Franchise? No

Management will stay? Yes

Relocatable? Yes

Real Estate? No

Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum. Read DealStream's Terms Of Use before responding to any listing. Learn how to stay safe in our marketplace.

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