Business Overview:
This East Tennessee based furniture and cabinet manufacturer is a local leader in top of the line custom cabinetry, furniture and home furnishings. This company averaged $730k in revenue over the last 3 years and is projected to outpace that in 2020. Seller discretionary earnings in the last 12 months is $209,289. This company has operated based on word of mouth referrals and its longevity in the marketplace. There is significant opportunity both on the furniture and cabinetry sides of the business. Seller has made substantial investments into equipment over the last few years. It’s current structure is with an owner operator. This structure could continue, or there is an opportunity to run this company with a General Manager via Part Time Manager Owner or Investment Owner.
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Reason for Selling:
Owner is transitioning to retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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