Premier Full Service Furniture Restoration Company

Not Disclosed, KY
Jefferson County

Asking Price: Annual Revenue:
$385,000 $449,057

Retail: Home Furniture & Furnishings

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RE: Premier Full Service Furniture Restoration Company Broker: Phil Eleson

Quick Facts

Asking Price: $385,000
Annual Revenue: $449,057
Net Profit: Not Disclosed
Cash Flow: $170,306
Total Debt: Not Disclosed
FF&E: $121,404
Real Estate: Not Disclosed
Year Established: 1963
Employees: 6
BBN Listing #: 26414955
Broker Reference #: 1902-16444

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Business Overview:

This is a great opportunity for someone who appreciates preserving the old and making it like new again. One of the region's most notable full service furniture restoration companies, this Company provides the best in quality furniture refinishing, upholstery, and custom wood craftsmanship. Throughout its tenure, the Company has been known for the quality of its work across the wide spectrum of furniture repair and restoration. The Company has given its valued customers quality and dependable service for more than 50 years of experience.

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Property Features and Assets:

With over 8,500 square feet, this Company's shop consists of two buildings and provides room to organize and execute proper restorations and repairs. Assets = $125,905.

Market Competition and Expansion:

According to industry research reports, the Furniture Repair and Re-upholstery industry is expected to experience an increase in revenue in 2021 as economic activity begins to recover from the effects of the coronavirus pandemic (IBISWorld). Nationally, the industry is highly fragmented. As mentioned, The Company currently performs a limited amount of marketing beyond the Company's social media presence. This creates an opportunity to expand through various marketing channels. The Company's Instagram and Facebook accounts are well-maintained but there is also a potential to increase the social media following. Additionally, there is the potential for a new owner to expand the business into the retail space.

Reason for Selling:

The owner and his wife are retiring.

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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