Furniture Reupholstering & Refinishing Business

Not Disclosed, FL
Indian River County


Asking Price: Annual Revenue:
$299,000 $564,970

Services: Non-classifiable


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RE: Furniture Reupholstering & Refinishing Business Broker: Steve Fenton

Quick Facts

Asking Price: $299,000
Annual Revenue: $564,970
Net Profit: Not Disclosed
Cash Flow: $190,582
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 1992
Employees: 4
BBN Listing #: 540011185
Broker Reference #: 170-02862

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Business Overview:

Serving the affluent market since 1992 by second generation. Highly skilled craftsmen refinish, reupholster, and build quality furniture for repeat clients, designers/decorators. Owner will stay on for a period to assure smooth transition. Real estate is available, or seller will provide new lease, terms to be negotiated. All tools and equipment needed to operate the business are included. Always a pipeline of work due to outstanding reputation in the community. Price based on 2018/2017 results; however, 2019 on track to be record year based on May 2019 P&L.

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Property Features and Assets:

Inventory: $20,000 (included in the asking price). Lease/Month: $3,000. Square Footage: 4,170. Building Type: A/C Industrial Office/Warehouse. Terms & Options: New lease. Expiration Date: 6/26/2022.

Reason for Selling:

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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