Newport Furnishings

2018 Costs & Fees


Newport Furnishings Business Opportunity Information:

Newport Furnishings® is a low overhead warehouse showroom of lifestyle home furnishings, offering furniture styles similar to those found at Crate & Barrel®, Pottery Barn®, Restoration Hardware®, Z Gallerie®, Room & Board®, Storehouse® and Williams Sonoma Home®. Newport Furnishings has access to many furniture manufacturers offering medium to very high quality furniture at significant savings to the consumer because of the low overhead business model.

This is a business opportunity that is for young-minded, ambitious sales/design oriented individuals/couples that work well with female consumers and have the desire to be a business owner with the ability to control their own destiny, but have the willingness to benefit from, and work within, a partnership with a successful business and a proven model. Chuck and Denise Haney are Co-Owners and Co-Founders.

The company has been the recipient of numerous awards and recognitions. Most recently, it was presented with the Inc. Magazine, Top 100 Companies in Urban Areas for 2005, 2004 and 2003. Prior to this the company was the recipient of The Sterling Award as the Small Business of the Year for 2003 by the Scottsdale, Arizona Chamber of Commerce. Newport Furnishings® has received similar awards from the Greater Phoenix Chamber of Commerce in 2002 and the National Association of Women Business Owners in 2001. Unlike a franchise, where new owners accept all the risk while paying a fee based only on sales, Newport's joint venture partners (JVP's) share the risks, rewards - and bottom line - with the Haney's.

Most of Newport's current JVP's entered the business opportunity without retail or business experience. What they did have was the same entrepreneurial spirit and desire to help people that the Haney's used to start their business. "What we look for in a new joint venture partner is what I call 'hearts and smarts,'" explains Denise. "If they have a strong desire to create their own income and build equity while helping people, we can coach and mentor them on the business side."

This is a Joint Venture Partnership. Both partners share in the risk and reward of the business, unlike a franchise in which the franchisor takes a cut of the top line of income and has no vested interest in the profitability or debt obligations of the business. Several hundred thousand dollars or more would be necessary to open a traditional retail furniture store. This business can be cash flow positive quickly and has the potential for significant net operating profits for the right partner.
WE ARE NOT A FRANCHISE - BUT A BUSINESS OPPORTUNITY THAT IS A JOINT VENTURE PARTNERSHIP!

The Newport Furnishings business model operates best in markets with population bases of 500,000 people or more. At this time, our goal is to open locations in major metropolitan areas of this size or larger. Please keep this consideration in mind before submitting your questionnaire. Thank you.

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