Furniture Repair, Restoration, & Upholstery

Not Disclosed, WA
King County

Asking Price: Annual Revenue:
$195,000 $360,000

Manufacturing: Furniture, Fixtures Manufacturing

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RE: Furniture Repair, Restoration, & Upholstery Broker: Bill Southwell
Owner Financing is Available!
The seller will finance up to 75% of the transaction for a qualified buyer.

Quick Facts

Asking Price: $195,000
Annual Revenue: $360,000
Net Profit: Not Disclosed
Cash Flow: $50,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 582535781
Broker Reference #: FR2021

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Business Overview:

This company is a family-owned business that has provided upholstery, antique restoration, and furniture fabrication for multiple decades to customers seeking quality at a fair price in the Seattle metropolitan area. The company employs many of the old-school techniques passed on by the Seller’s father who operated a similar upholstery shop in the 50s & 60s. They work on large and small projects with 25% of their business retail and 75% of their business in the wholesale & manufacturing segment of the market catering to both residential and commercial alike. The business operates without any formal advertising, relying instead on referrals and repeat customer business. Some of their larger serviced commercial accounts include Microsoft, Amazon, Starbucks & Google.

The business provides a large range of services depending on the extent of the problem and customer preferences, to include: Stripping pieces that have been scratched or badly refinished, re-gluing, reinforcing and fabricating parts that have been damaged, replacing padding & supports, and changing out fabrics. All work is performed by craftsman who take pride in delivering products that are finished to “stand the test of time”. Their craftsmen strive to combine the excellence of the old school classic craftsmanship with innovative modern techniques and processes intended to meet the individual tastes of each client.

The business operates out of a 1,900 square feet stand-alone building, of which 20% is office/sales and the remaining 80% is dedicated to production workspace. The building is situated on a 31,000 square feet parcel that supports six dedicated parking stalls. The business currently pays $2,500 per month on a gross lease. The real estate is owned by the Sellers and is available for purchase. The sale of the business is not conditional on the purchase of the real estate.

One owner serves as General Manager with operational oversight for all aspects of the business. The other owner provides sales and office administration services on behalf of the business. The business support three full time hourly employees: (1) Journeyman upholsterer/fabricator @ $28.00 per hour; and (1) Apprentice upholsterer @ $18.00 per hour. The hourly employees are expected to remain with the business post-sale to maintain continuity and provide a seamless transition.

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Market Competition and Expansion:

The company had gross revenues of $700,000+ in 2019 and an ownership cash flow of approximately $300,000. 2020 performance was impacted by COVID-19. 2021 financial performance is rebounding back in line with historical numbers.

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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