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Asking Price:	$730,000 USD USA Dollars
Business for Sale Industry:	Manufacturing: Home & Office Products
Reason for Selling:	New Business Venture
Year Established:	1950
Yearly Cash Flow:	$209,000
Yearly Gross Income:	$622,000

Business for Sale Overview:

Long established commercial/residential wholesale/retail furniture manufacturer, the business started in 1950, major acquisitions have been made to expand the business. Current owners bought 4 more businesses to gain territory and key accounts. The company has been located in its current northeast Suffolk County, New York location for 2 years, operating with five phone numbers and one 888 number. Conveniently located in a industrial center. The manufacturing facility is well stocked with the best machines, equipment and designed showroom. Total value of assets is well over $450,000, equipment and important telephone numbers, Non Competes and website. They have this business setup for Mon-Th. – 10 hours days, deliveries on Friday, included in the sale is a 2003 15’ box truck- 18,000 miles, 2000 Dodge Van Lettered. Business can be expanded instantly. The facility is 3,100 square feet. The factory has a loading area (no dock), with fork lift. 2 Full Time employees plus owner generate $622,000 in sales, Nets $209,000, fully documented and justified by tax returns making this business 100% financiable for qualified purchasers. Add a administrative assistant, street sales team and this business can easily be brought to the next level. Non Competes in place. This is a landmark for furniture manufacturing offering the best products and service. Heavily involved in custom residential, medical labs, hospitals, treatment centers and so many more industries. They specialize in MICA Thermofoil and Melamine Furniture. This business needs direction and a creative hand. Office is approximately 430 square feet, air conditioned, and fully wired for 3-computer work stations, top of the line servers and phone systems. Equipment the factory is fully equipped with a wide range of equipment and tools. (list available upon request) Service the Tri-State area, for the right job you can go out of your realm. The wholesale side generates 65% of the Gross Sales, this would be a major creative expansion for an existing manufacturer with key phone numbers!

Property Features and Assets:

3,100 square feet, industrial area, ample parking, $100,000 of machinery, $300,000 worth inventory, showroom, office, 15' Box truck, 2000 Dodge, 5 Key Phone Numbers, 2 websites.

Market Competition and Expansion:

This business need a creative twist for acquiring new clients. Business never focused on advertising,they were working off a strong referral base. Expand hours, chase the bigger accounts. This is already a solid reliable infrastructure.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for 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.