HAWAII RETAIL FURNITURE STORE
SBA Approved
SDE
$1,519,745
Revenue
$366,140
Asking Price
$575,000
F,F&E
$46,237
This long-tenured, well known and regarded, 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.
Executive Summary
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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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Year Established: 20+
Company
2024
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Revenue: $1,519,745
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SDE: $366,140
Financial Summary
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Asking Price: $575,000, plus the cost -based value of Inventory at Closing. Their Inventory target at Closing
is $150,000, and at this level, the final sale price would be $725,000 ($575,000 + $150,000). -
During the 2023 to September
2025 period Inventory of Goods for Sale ranged from a low of $238,707 to a high of $385,818. -
Tangible Assets (F,F&E): 46,237 (source 2024 tax return)
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Non-Compete: 5 years on the island
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Training: 2 weeks; 30 hrs./wk.
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Sale Reason: Retirement
Offering Summary
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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.
Location Details
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Open for more days per week. Being open 7 days per week and not closed for owner vacation could
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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.
Expansion Opportunities
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Modest local competition
Competition
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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.
Hours
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None
Licensing Requirements
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The U.S. retail furniture industry is a multi-billion-dollar sector, with estimates for 2023 putting its total market value around $120–130 billion; one of the US’s largest markets.
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Their local market is vibrant, and future demand is expected to be robust.
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Rather than letting the logistics of shipping furniture to Hawaii become a challenge, they decided to turn it into an opportunity. People in Hawaii were unable to get furniture there by themselves at a reasonable price due to the shipping constraints and costs. So the Company made their brick and mortar store a place for easy and reasonably priced furniture accessibility with full container load freight rates.
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Excellent Vendor Relationships. One of the Company’s major strengths is their long-tenured and strong domestically located vendor base.
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Strong Cash Position and No Accounts Receivable & Credit Risk. Because they collect a 50% customer deposit for orders that will need to be shipped from the mainland, and they are paid 100% primarily by credit card for products sold from stock, they are able to maintain a zero investment in accounts receivable and no credit risk.
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No Customer Concentration. They had over 500 customers in 2024, with an average sale of $1,941 per customer.
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SBA Financing. Gulf Coast Small Business Lending has offered a qualified buyer a pre-qualification Letter for an SBA 7(a) acquisition loan, with the following details:
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Loan Amount: up to $744,000, based on an Inventory amount at Closing of $250,000 (will vary with closing Inventory amount).
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Loan Term: 120 months (10 years), fully amortizing (a line of credit may also be available for
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additional working capital
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Interest Rate: A Floating rate adjusted quarterly. The rates will be quoted with qualified
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applicant’s information.
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Payment: Initial monthly payments in the amount of approx. $9,627.18.
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