In 1983, Mrs. B. sold a majority interest to Berkshire Hathaway on a handshake deal with Warren Buffett for $60 million.

Blumkin borrowed the initial $500 investment from her brother[1] while her husband Isadore continued to run their second hand clothing store.

The bigger competitors were able to successfully get the furniture suppliers to stop selling to the Mart because of the prices.

[2] In 1983, at age 89, Mrs. B sold 80%[4] of Nebraska Furniture Mart to Warren Buffett in a one-page handshake deal.

[2][1] Buffett bought the company without auditing her inventory or books, instead basing the deal on his own shopping experience at the Mart and his respect for the Blumkin family.

[2] Unhappy with this and realizing that Buffett had not made her sign a non-compete agreement, Mrs. B started "Mrs. B’s Clearance and Factory Outlet" across the street from Nebraska Furniture Mart three months later.

[7] By 2011, this attitude had changed, and Nebraska Furniture Mart announced their fourth and largest location, in The Colony, Texas, which is a far north suburb of Dallas.

The store is located on a single collective campus on South 72nd street in West Omaha, Nebraska.

Because parent company Berkshire Hathaway also owns nearby Homemakers Furniture, the new location does not stock home furnishings.

On November 9, 2011, Nebraska Furniture Mart announced a plan to expand its retail operation to North Texas.