Business Overview:
This well-known Furniture Procurement Services Company in the Eastern US (for commercial real estate projects such as multi-family, condo, hospitality, student housing, etc.) has provided expert solutions, project management and fulfillment services to a prominent roster of national accounts for over 5 years. The Company has experienced significant revenue growth and enjoys high operating margins with documented profitability.
The company has been fully reviewed and conservatively appraised by a well-known national valuation firm at 3.8x EBITDA (2022). A full valuation report is part of the prospectus and there is $100,000 in Net Working Capital plus $20,000 in Fixed Assets included in the deal. The business is pre-qualified by an SBA lender subject to buyer’s financials, and by implementing the proposed deal structure an owner-operator will obtain almost $230,000 benefit in after- acquisition-debt cash flow or over 90% ROI in Year #1.
(ALL DATA BASED ON SIGNED TAX RETURNS)
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Property Features and Assets:
The seller’s 1,000 Square Feet leased facility is in a prime location with very attractive/flexible lease terms, but this firm can be run virtually from anywhere.
Market Competition and Expansion:
The Company enjoys a competitive advantage by leveraging a distinct “niche expertise and project management solutions” to provide its diverse client base with exceptional customer service and fair pricing – dynamic revenue growth has been the result. It is projected that a new owner will obtain compelling additional growth by expanding the direct sales efforts (into additional commercial and residential projects) with a minimal personnel investment of $200,000 to $400,000 per year. The company projects an accelerated revenue growth rate under such premise of 20% to 30% per year.
Reason for Selling:
Personal Health Reasons.
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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