Located near Asheville, North Carolina, this well-known business is recognized for its upscale furniture, home décor and complimentary design services. Family-owned since the mid-1990’s, this retailer operates three locations staffed by dedicated teams focused on providing an extraordinary customer experience.
Visitors to and residents of Western North Carolina with interest in the latest “mountain elegance” designs are treated to a vast collection of rustic luxury pieces perfect for an estate home, lakeside lodge or mountaintop cabin. Offering 50+ high quality brands, this business is a must visit destination for those with keen eyes and discerning tastes.
This opportunity is ideal for financially qualified individuals with sharp design sense, marketing savvy, relatable business experience and the ability to connect with and service a spectrum of clients from high net-worth individuals to the general public.
This is a prime opportunity for strategic buyers to gain market share in a prime geographic region where demand for upscale homes continues. Private equity buyers may see this as an opportunity to acquire a platform or tuck-in business.
Sales increased to $11M in 2023 with SDC of $2.25M. 2024 YTD thru July indicates a return to pre-Covid levels of $9M to $10M and SDC of $1.3M to $1.5M. This trend is consistent with the high-end furniture and home décor industry. The Seller’s expectation for acquisition offers is aligned with the current level of performance.
The business has been reviewed by multiple banks and lenders for various financing scenarios. The owner may consider the possibility of financing a portion of the purchase based on the buyer’s net-worth, credit history, prior business experience and other related factors.
Listing Price: Market Value
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Jeff McKeehan, before joining Viking, enjoyed success as the President and Co-Owner of EHD Technologies, a nationally recognized and award-winning provider of technical and professional services. EHD Technologies was acquired in 2017 by Groupe CRIT SA (CEN.PA).
Prior to owning and operating EHD, Jeff served as a Vice-President of Business Operations with Aerotek Inc. Before Aerotek, Jeff had a successful career at TE Connectivity (formerly Tyco Electronics) as a Director of Manufacturing Operations where he led and managed several fully integrated advanced manufacturing facilities.
His expertise includes sales and operations planning, business strategy development, training, leadership, organizational development, operations management, talent acquisition, human resources, process improvement and quality systems management.
Jeff earned a BA in Business Administration from Belmont Abbey College and an MS in Organizational Management from Pfeiffer University. His post-graduate work includes Merger and Acquisition studies through Columbia Business School.
Jeff’s interests include teaching, mentoring, and the development of aspiring leaders. As a practitioner of organizational development, his passion is helping individuals and organizations transform, improve, and grow.
A lifelong resident of Western North Carolina, Jeff resides in Tryon, NC with his wife Tracy. He serves on UNC Asheville’s Department of Management and Accountancy board and is engaged in supporting entrepreneurs and business owners in the community.
