Successful Office Furniture Manufacturing Business

Hayward, CA
Alameda County


Asking Price: Annual Revenue:
$960,000 $1,393,818

Manufacturing: Furniture, Fixtures Manufacturing


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RE: Successful Office Furniture Manufacturing Business Broker: Shailendra Gupta
License #: 02169356
Owner Financing is Available!
Owner Financing Terms $720,000.00 Owner Financing Interest 6.25% Owner Financing Terms Months 120 Owner Financing Monthly Payment $8,084.17

Quick Facts

Asking Price: $960,000
Annual Revenue: $1,393,818
Net Profit: Not Disclosed
Cash Flow: $318,116
Total Debt: Not Disclosed
FF&E: $78,469
Real Estate: Not Disclosed
Year Established: 1999
Employees: 6
BBN Listing #: 204363668
Broker Reference #: 012722-477266

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Business Overview:

A boutique shop that manufactures custom furniture, cabinetry and contract fabrications for office, commercial and industrial customers (e.g., businesses, schools and healthcare facilities). Using state of the art equipment and computerized machinery, the company creates beautiful, made to order products that delight customers and lead to significant recurring business. Company had sales of ~$1.4 million and DE of ~$318K in 2019 (pre-pandemic) and is on track to hit similar numbers in 2022. Company was established 23 years ago by the current owner who wants to retire.

Currently the business sells primarily to dealers and wholesalers, without utilizing any sales team. There is potential for significant growth by selling directly to end customers (business, commercial and industrial establishments). There is also more demand for the company’s products than it can produce as the production shop only runs from 6am to 2:30pm. Adding another shift can significantly improve production capacity to meet demand from existing and new customers.

The business sits on a 0.45 acre lot in an industrial/commercial setting with premise size of 9,020 square feet.

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Reason for Selling:

Retirement

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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