Alex Nemet Net Worth 2026: Northeast Factory Direct

No reputable publication has estimated Alex Nemet's net worth, so this page does not give a figure. The $9.9 million number that appeared on older profile sites, including a previous version of this page, had no source and has been removed. What can be documented is how he makes his money: Nemet founded Northeast Factory Direct, a warehouse-style furniture, mattress, hot tub and kitchen cabinet retailer, in 1999 and still runs it as president and owner.

What is Alex Nemet's net worth?

Northeast Factory Direct is privately held and does not publish revenue or profit. No business journal, Forbes list or court filing we could find puts a value on the company or on Nemet personally. Any exact figure you see online, including the old $9.9 million claim, is a guess rather than a reported number.

What is on the record is the size and age of the business. It was started in January 1999 and incorporated in September 2000, according to its Better Business Bureau profile (BBB), and in 2026 it runs four showrooms across Northeast Ohio. His wealth is tied almost entirely to his ownership of that company.

What does Alex Nemet do?

Nemet is the founder, owner and president of Northeast Factory Direct (NEFD). The BBB lists him as president, with Mark Kretschmar as vice president, and notes the alternate names Northeast Factory Furniture, Inc. and Kitchen Cabinet Outlet Cleveland. The company sells sofas, sectionals, bedroom and dining sets, mattresses, recliners, hot tubs, spas, infrared saunas, bathroom vanities and all-wood kitchen cabinets, and employs kitchen designers at its stores (FOX Sports Radio).

The older version of this page said he had worked as a salesman at a company called Parking Solutions and as an account executive at Morgan Stanley before NEFD. We could not confirm either role in any published source, so both claims have been removed.

How Northeast Factory Direct grew

According to the company, the business started with 18 pieces of inventory, including a cherry dining room set, kept in a borrowed garage in Lakewood, Ohio (Northeast Factory Direct). After that first sale Nemet moved the stock to a storage unit and then to a first warehouse in Cleveland. A 2022 release carried by FOX Sports Radio described the start as selling dining tables out of his garage.

The business model has stayed the same since: buy in volume from manufacturers, sell from plain warehouse showrooms, and keep margins thin. A 2017 Smart Business profile noted that he deliberately designed the showroom to look and feel like a warehouse (Smart Business). In a 2021 release Nemet said the company struggled to survive in 2008, during the recession (Cleveland Jewish News).

Store locations over time

The North Canton store opened on Black Friday 2022 in a building attached to an Aldi. By July 2026 the company described itself as having four locations after more than 25 years in business (Northeast Factory Direct blog).

Media, marketing and community work

Nemet is the public face of the company's advertising. He appeared on WKYC's Live on Lakeside in June 2019 to talk about the stores, kitchen cabinets and a new line of hot tubs (WKYC), and NEFD is an advertising partner of iHeartMedia. In 2021 the company donated a $10,000 shopping spree as a prize in the FOX 8 St. Jude Dream Home giveaway, and Nemet explained the decision on air (FOX 8).

Also in 2021, during the pandemic, NEFD launched Project Local, giving small Cleveland-area businesses free mentions on social media and in its radio ads read by local hosts on stations including ESPN 850, 92.3 The Fan and 100.7 WMMS.

Awards

Nemet was among the honorees of the 2017 Corporate College Smart 50 Awards, presented by Smart Business and Cuyahoga Community College's Corporate College to recognize Northeast Ohio executives.

Yearly income and salary

The previous version of this page listed an annual income of $400,000, or $34,000 a month. That figure was presented as coming from "a survey," but no survey or source exists, so it has been removed. As the owner of a private company, Nemet's salary and profit distributions are not public.

Ultramarathon running

Outside the business, Nemet is an ultramarathon runner. In November 2013 The New York Times profiled him as a Cleveland wholesale furniture owner who had run seven races of 100 miles or more in six months, the Oil Creek 100 in Pennsylvania among them, despite a warning from his doctor about his Achilles tendon (The New York Times). The paper described running as a way he dealt with emotional strain.

Race records back that up. He finished the 2013 Mohican Trail 100-mile race in Ohio in 28 hours, 47 minutes (UltraRunning), and the ultramarathon statistics database DUV lists him, from Westlake, Ohio, finishing a 100-mile trail race in 2017 in 23 hours, 23 minutes (DUV).

Age, height and weight

The Times gave his age as 38 in October 2013, and race results list his birth year as 1975, which puts him at about 50 or 51 in 2026. His exact birth date is not published. The height and weight on the old page (5 feet 9 inches, 75 kg) had no source and have been removed; they are not publicly documented.

Early life, education and family

Very little about Nemet's private life is on the public record. The earlier page claimed he graduated from Fairview High School, grew up in a small town working in his father's business, and described his wife at length. None of that could be traced to a source, so it has been removed. Race listings place him in Westlake, a Cleveland suburb. His education and marital status are not publicly documented, and we do not speculate about them.

Net worth compared

Other furniture store owners profiled on this site include Brook Dubman of Carol House Furniture and the Cardi brothers of Cardi's Furniture. You may also like Vik Tchalikian and T. Harv Eker. Like Nemet, these are mostly owners of private companies whose value is not published.

How this page was checked

This profile was rewritten in September 2026 using the company's own history, its BBB profile, Cleveland TV and radio coverage, a Smart Business awards list, The New York Times and public race results. We removed the net worth, the income table, the height and weight, the school and family details, the earlier job history and the empty contact-details section because none could be verified. If a reliable outlet reports the company's revenue or an estimate of his wealth, we will add it with attribution.