Factory Direct to Retail, Furniture Supplier

Not Disclosed, TX

Asking Price: Annual Revenue:
Not Disclosed $14,628,206

Retail: Home Furniture & Furnishings

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RE: Factory Direct to Retail, Furniture Supplier Broker: Andy Montgomery

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $14,628,206
Net Profit: Not Disclosed
Cash Flow: $366,465
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2013
Employees: 3
BBN Listing #: 49664955
Broker Reference #: 6012-15705

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Business Overview:

The Company acts as a factory direct provider of furniture to US retailers. Their products ship from multiple manufacturers in China and Vietnam. Effectively, the company is a broker between manufacturers in Asia and high-volume North American retailers.

The company exhibits samples for retail buyers at the spring and fall markets in High Point, North Carolina. Customers may order per the samples shown, or may develop minor customization they want for a similar product.

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Property Features and Assets:

The Company leases a 1,300 square foot business office for its executive and administrative staff. Separately, The Company exhibits its products from a showroom in High Point, North Carolina. The showroom is owned by a separate entity. The Managing Member of The Company is among owners of the entity that owns the showroom. Including the showroom in the sale is a possible option for potential buyers.

Market Competition and Expansion:

The Company competes with wholesalers who sell furniture in bulk to retailers. In general, retailers buy from wholesalers in much lower quantities than what The Company sells. The Company fulfills container level orders. For large retailers, The Company provides advantages of lower cost product procurement alongside the option of some input to product development. The Company foresees a strong niche in the future as a provider of branded items for its customers. That is, to become an original equipment manufacturer (OEM) to its customers. The potential for growth is substantial. Developing OEM products and supplying them direct from the manufacturer to large retail outlets offers great upside to both this business and its customers.

Reason for Selling:

Absent the mandate of a divorce decree.

Additional Details:

  • The property is leased.
  • 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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