Business Overview:
This company is one of the largest manufacturers of commercial furniture in the Southeast. They design and manufacture bars, cabinets, complete millwork packages, tabletops and seating such as booths and banquets for the hospitatlity industry. They also supply other interior items such as chairs, bar stools, paneling, designed glass, stainless steel, lighting fixtures, brass, art and carpeting. Clients include resorts, national food and hotel chains and other independently owned entities that require customized interiors. The company was founded over 30 years ago by the family. Hourly wages for the 30 employees are about $13.75/ hour. The owner owns the real estate and is offering it as optional with the sale of the business. There is no formal asking price, but the owner is expecting a cash flow multiple of low to mid 4 times. Historically, sales have been in the $4M to $5 M range with cash flow running at about 10% of sales. No other information can be shared with Buyers until a Confidentiality Agreement and Financial Statement are provided. No Co-Brokers, and No Buyer Reps--Principals Only. No Exceptions.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Other interests.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.