Costco "Euro Lounger" - $200 (Mill Creek)

Purchased a few years ago at Costco. Brown bonded leather "Euro Lounger." Folds up to make a 3 person sofa and unfolds to a full size futon style bed. Excellent condition, barely used. We've had this in a spare room and I think it's been slept on once and rarely used as a couch. Costco still sells this item - current price at Costco is $499. Cash only - Delivery is not available.