Seller's Contact Information
- RE: Successful Office Furniture Manufacturing Business
- Contact: Shailendra Gupta
- License #: 02169356
Quick Facts
Asking Price: | $285,000 | |
Annual Revenue: | $642,149 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $45,360 | |
Total Debt: | Not Disclosed | |
FF&E: | 77,805 | |
Real Estate: | Not Disclosed | |
Year Established: | 1999 | |
Employees: | 6 | |
BBN Listing #: | 204363668 | |
Broker Reference #: | 012722-477266 |
Business Overview:
Price Drop!!! Successful Office Furniture Manufacturer
Transworld Business Advisors of Fremont DRE# 02194963 presents:
Note: Big price drop by motivated seller! Some financing is also offered for qualified buyers at the sole discretion of the owner.
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 SDE of ~$318K in 2019, however the business declined during the pandemic and is yet to make full recovery.
Company was established in 1999 as a residential furniture manufacturing and international trading business. Over time, it transitioned to manufacturing office furniture providing a vast array of office and commercial furniture and fixtures.
Currently the business sells primarily to dealers and wholesalers of office/commercial furniture, without utilizing any sales team. There is potential for significant growth and higher margins by selling directly to business, commercial and industrial establishments. The production shop only runs from 6am to 2:30pm, so adding another shift can significantly improve production capacity.
0.45 acre lot in an industrial/commercial setting with premise size of 9020 sq. ft
Company was established 23 years ago by the current owner who wants to retire.
Agent: Shailendra Gupta DRE# 02169356
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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 homebased business opportunity.
- This is not a franchise resale opportunity
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