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Business For Sale

HI END FABRIC & LEATHER FURNITURE MFG.

Attn: Bill Law
Not Disclosed, NC, USA
Listing Number: "Hi end furn. mfg."
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Asking Price: Not Available
Business for Sale Industry: Manufacturing: Wood, Stone, Concrete  
Reason for Selling: Retirement
Year Established: 1985
# of Employees: 110
Yearly Cash Flow: $1,850,000
Yearly Gross Income: $15,009,439
 

Business for Sale Overview:

This company mostly manufactures sofas and chairs and is very well known for their quality products. The company has carved its own niche in being well known to have the very best and most selective fabrics currently available in the market. Their inventory only consists of the newest materials available. Many customers tend to be smaller accounts such as interior designers across the US, but the company does do about $3 Million internationally. The international market is poised for huge growth. The owner is ready to retire and business in 2006 continues to be strong as they expect another record year in sales and profits. The main manufacturing facility is almost 100,000 SF and is owned by the business, a "C" Corporation. A separate facility is also leased 5 minutes away. It is and always will be very difficult for the overseas market to compete with the company. Specific reasons can be discussed with the owner and after a Confidentiality Agreement is executed. However, the Seller has experienced a significant increase in business the past couple of years and can continue to do so . There is another $400,000 of equipment that might be purchased to help substantial growth. This is a "C" corporation and the Seller prefers a stock sale that will include the real estate. Over $1,600,000 of inventory not included in Sale Price. Approx. $500,000 of FF&E included. While there is no formal asking price, the Seller has been educated in understanding the fair market value of his company and is receptive to all fair and reasonable offers. For additional information, please contact Bill Law. Principals Only Please.


Property Features and Assets:

The main manufacturing facility is almost 100,000 SF and is owned by the business, a "C" corporation. A separate facility is also leased 5 minutes away.


Market Competition and Expansion:

It is and always will be very difficult for the overseas market to compete with the company. Specific reasons can be discussed with teh owner and after a Confidentiality Agreement is executed. Seller has experienced a significant increase in business the past couple of years and can continue to do so. There is another $400,000 of equipment that might be purchased to help substantial growth.


Additional Details:

  • The property is owned.
  • The owner may be willing to train/assist the new owner.
  • The owner may be 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.

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