Hawaii Retail Furniture Store -
SBA Approved
SDE
$366,140
Revenue
$1,519,745
Asking Price
$500,000
+ inventory value
Tangible Asset's
$20,000
This long-tenured, well known, highly regarded, and profitable Hawaii based retail furniture store is for sale due to the pending retirement of the owners.
In 2024 they had annual sales of $1.5 million which generated $366,140 of owner’s profits (“SDE”). This performance was based on them being open only 5 days per week, closed most holidays, and closed when
the owners took vacation.
Their focus is on the mid-priced retail furniture market, and their customers
include home and condo owners, and short-term vacation rental owners.
Future sales prospects are excellent due to market conditions. They have exclusive US based vendor relationships which provide them with a secure product supply at modest cost.
All assets, including a very saleable and current Inventory of Goods to sell, excellent leases, all required furniture and fixtures, excellent training by the current owners, and a 5-year non-compete agreement are included in the sale.
SBA Loan. This business has been pre-qualified for an SBA loan for a qualified buyer, up to $744,000, based on an Inventory amount at Closing of $250,000 (will vary with closing Inventory amount).
Executive Summary
Company
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Listing ID: HI Furniture
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Location: Hawaii (Island confidential)
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Type of Entity: S Corp
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Years Established: 20+
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Industry or Business Category: Furniture
Financial Summary
2024 Source: Tax Return
Revenue: $1,519,745
SDE: $366,140
Offering Summary
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Asking Price: $500,000 +
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Inventory included in the Price: $50,000
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Tangible Assets (F,F&E): $20,000
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Non-Compete: 5 years
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Training: 2 weeks; 30 hrs./wk.
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Sale Reason: Retirement
BUSINESS IS: Not Relocatable
Location Details
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Status: Leased
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Monthly Rent: In 2024 total lease rent was $237,950 ($19,829/month); 15.7% of sales
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Sq. Ft.: 13,307
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Lease Expiration Date: 1/31/2026 and 1/31/2027
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Renewal options: Yes
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Lease Comments: As of November 2025 they have a 5,622 sq. ft. retail location, plus 3 storage units with a total of 7,685 sq. ft. of warehouse space. They are evaluating restructuring their space needs and these may change after 1/31/2026 with a commensurate change in rent expense.
Expansion Opportunities
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Open for more days per week. Being open 7 days per week and not closed for owner vacation could have added $171,000 of SDE for 2024. This is shown in the P&L recast.
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Add new products like modest priced outdoor furniture.
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Expand to other Hawaii islands.
Employees
Employees
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2 part-time delivery men, excluding owners
Trading Day/Hours
5 days per week; Tuesday thru Friday: 10 am to 5 pm and Saturday: 10 am to 3 pm, closed holidays and when the owners take vacation. During 2024 they were open only 262 days; 104 days off.
Licensing Requirements
None
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Growing and profitable industry driven by the need to build more houses in Hawaii. In business since 1992, and they have become a well-known and preferred supplier to their market, they have consistently high customer reviews and a growing market share.
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Loyal Customer Base: A buyer will benefit from the Company’s long tenured and dedicated relationships with their customers who appreciate the Company’s high-quality products and services, and who trust and rely on these services, providing the Company with a steady stream of recurring revenue.
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Year-Round Demand: Construction in Hawaii experiences a consistent demand for plumbing services throughout the year due to its great climate.
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Recession-Resistant Market: The Hawaii construction market has proven to be generally recession-resistant as the population, both full time and seasonal, continues to grow.
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Spirit of Aloha: Hawaii is known for its warm and welcoming Aloha spirit. As a business owner, you'll be embraced by the local community and benefit from the friendly and inclusive culture. One key to business success is to combine the Spirit of Aloha and a mainland work ethic.
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Excellent and growing revenues, profits and cash flow:
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Revenue grew from $831,198 in 2018 to $1,482,000 in 2023
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2023 Owner’s profits (SDE) of $404,000, 23.2% of revenue
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Very low Lease cost of 2.3% of 2023 sales.
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Attractively priced.
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SBA Loan pre-qualified
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Gulf Coast Small Business Lending, div of Gulf Coast Bank & Trust
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Loan amount: up to $787,000
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Loan Term; 10 years
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Down Payment: 10%