Individual sales are in the thousands, so they operate more like high-end jewelry stores than a "normal" business. One sale a day is minimum 250K/year.
The store itself seems to be more of just a show room. There are other sales routes too. Selling into hotels would be an example. There are also maintenance services, so a high end rug in some sense can be seen as a recurring revenue source.
It's a interesting little corner.
Then I had a house full of oriental rugs and haven't needed a new one ever since.
One of the ironic reasons that Ikea/Wayfair do well is their stuff looks good but is basically garbage and can't survive a move or two so people are forced to buy from them more often than they would with better brands. Better brands are too expensive (and also a bit stodgy usually) so younger and poorer people just keep getting the same lower end stuff repeatedly.
Amazing.
[The Amidi family through] its various holdings and brands, currently owns and manages more than 1 million square feet of real estate space along with assets under management exceeding $2 billion.
This guy was really good at picking winners.
> Rahim co-founded the Amidi Group in 1980, a conglomerate of privately-held business enterprises consisting of several domestic and international entities with significant manufacturing, distribution, trading, retail, and real estate holdings