Business Overview:
$200K Price Drop!!! Successful Office Furniture Manufacturer
Note: Seller has had a medical emergency and is dropping the price to $760K. Please submit offers ASAP!!!
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.
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, without utilizing any sales team. There is potential for significant growth by selling directly to 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.
0.45 acre lot in an industrial/commercial setting with premise size of 9020 sq. ft
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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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