5538 — Furniture Consignment Business
Consigned furniture has become a very popular option for discriminating buyers and interior designers as well as the general public looking for unique, one-of-a kind items at greatly reduced prices. This renown store has the reputation of carrying top-of-the-line, gently used furniture and accessories. Brands include merchandise from high end furniture manufacturers. All of their décor items including lamps, artwork, mirrors and more are new and current. With the large, growing clientele they serve, inventory turns quickly which drives a sense of urgency for customers to purchase items today.
Because they are very particular about the quality and condition of the consigned items they accept, they attract a broad range of customers, many of which visit the store on a regular basis. Much of their growth is attributable to referrals and word of mouth from current and past customers. The majority of items they consign have a very short in-store life. Furniture and accessories are displayed in a “high end designer showroom” fashion. This business only requires a very modest amount of capital outlay for inventory in relation to their total sales. Competition is limited due to the exceptional quality and condition of the merchandise they carry. Sales for first quarter, 2022 are up 37% over the same period in 2021. Given the trajectory this business is on, furniture prices escalating and supply chain issues, time is of the essence for a qualified buyer. This is an SBA financeable, turn key opportunity that has exciting growth potential.
