Business Overview:
This metal furniture manufacturing wholesale and white label company has exclusive name-brand clients servicing the furniture and hospitality industry nationally and internationally. This company is well-branded as the leader in the metal indoor/outdoor furniture manufacturing industry with thousands of skews. It has tenured employees, client agreements, and tremendous potential for expansion. Don’t miss out on this exciting, high-profit opportunity.
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Property Features and Assets:
The building is in excellent condition. It includes about 3,000 sq ft of office space. There is enough room to park 80-90 cars.
Market Competition and Expansion:
The US furniture manufacturing industry includes about 15,000 establishments (single-location companies and units of multi-location companies) with annual revenue of about $75 billion. The industry expects annual growth of 3% through 2023. Online furniture sales have become a fast-growing segment of the overall retail market. Online retail has been growing 10-15% of total retail sales since 2016 and is expected to account for 18% of the total retail market by 2022.
Reason for Selling:
Owner is 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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