In a time when small businesses are hardly able to stay afloat, the Lafferty family manages to weather the economic storm.

From humble beginnings 31 years ago to this weekend’s grand opening of a 16,000 square-foot showroom—filled with kitchen set-ups, mock living area displays complete with La-Z-Boy recliners and rows of appliances, grills, televisions—the family seems to have a formula for success.

Mark Lafferty, the second-generation owner of Lafferty’s TV & Appliance, said he and his sister, Donna Davenport, were practically raised in the business. Their parents, G...

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