How do I find a furniture store for sale near me?
Read listings closely, since many hide the store’s name, and also approach local furniture owners directly. Supplier and manufacturer reps can point you to owners who may sell. When you screen a lead, find out whether it is a showroom only or runs a warehouse and a delivery fleet, because those are different businesses to run.
Furniture stores come in many shapes. One owner rents a showroom and ships from the supplier. Another runs a warehouse, trucks and installers. A search near you will turn up both, and a listing may not tell you which. Build a method that finds leads and then sorts them, so that you spend your time on the stores that fit what you can run.
Read the listings that hide the name
A listing may describe a store as a long-established home furnishings retailer in a named city, with no name given. Look at what it does say: the size of the premises, the number of staff, the product lines and the reason for sale. Ask for an NDA and a basic information package. Then compare each store against your own list of must-haves.
Approach owners directly
Make a short list of the stores you like in the area. Write or visit, introduce yourself and say what you are looking for. Keep the first message brief and confidential. An owner who is not ready to sell may still remember you later, and may know someone who is.
Use supplier and manufacturer reps
Reps call on many stores and often hear when an owner wants out. Ask them, politely, to pass on your details. Check also whether any supplier would need to approve a new owner, and whether the store holds exclusive lines in its area, since those are sometimes tied to the owner by name.
Screen showroom against warehouse
Ask early whether the store has a warehouse, trucks and a delivery crew, or relies on supplier shipping. A warehouse adds staff, insurance, vehicles and stock to manage. The buying guide covers what a good store looks like in this page on buying a furniture retailer. Online competition is another factor to weigh.
Related reading
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Buying
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- Expert answerHow does online competition affect a furniture store purchase?
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Due diligence
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentWorking with a broker to find a business to buy
- 02Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 03Business Development Bank of CanadaGovernmentLetter of intent and confidentiality agreement for a business acquisition: What clauses should be included?
- 04Business Development Bank of CanadaGovernmentWhat is a confidential information memorandum (CIM)?
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