Chris Koerner breaks down Nebraska Furniture Mart's Dallas location, which generates $2 billion annually. Buffett acquired the company, and the store sits within Grandscape, a massive retail and warehouse complex that drives extraordinary sales volume.
This is your daily reminder that this one retail store in Dallas, Texas, does over $2 billion of annual sales. It's called Nebraska Furniture Mart. Here are some mind numbing stats for you. 560,000 square feet of retail space, 1.3 million square feet of warehouse space. Warren Buffett bought a majority stake in this country company in 1993 on a handshake deal. Their motto is sell cheap and tell the truth. It sits on over a hundred acres. Buffett thought that this location would do over a billion in sales and doubled that. Over 200,000 people live within five miles. It's called Grandscape. This whole area there are 500 acres and a restaurant called Portillo's, a Chicago restaurant, opened their first Texas location right next door. And it does over 25 million a year at that one location. One restaurant, 25 million.
