Procurement, Design, & Layout of Furnishings

Harrisburg, PA
Huntingdon County

Harrisburg, PA


Asking Price: Annual Revenue:
$3,200,000 $16,283,769

Services: Engineering, Architectural Services


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RE: Procurement, Design, & Layout of Furnishings Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $3,200,000 12.5% Buyer Down Payment: $400,500 12.5% Seller Financing: $400,500 75% Bank Loan: $2,400,000 A 12.5% down payment of $400,000 returns $477,215 in the first year after debt payments

Quick Facts

Asking Price: $3,200,000
Annual Revenue: $16,283,769
Net Profit: Not Disclosed
Cash Flow: $1,745,706
Total Debt: Not Disclosed
FF&E: $481,273
Real Estate: Not Disclosed
Year Established: 1989
Employees: 20
BBN Listing #: 622934398
Broker Reference #: AEI013

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Business Overview:

With a Business Manager in place who oversees the 20 qualified and talented staff, a 12.5% down payment of $400,000 returns $477,215 in the first year after debt payments. This contract furniture dealer and installation business dealer has clientele comprised of educational facilities (65%), corporations, and healthcare (10%) and had over $16M in revenue in 2019. Well-established for over 30 years in Harrisburg, PA, this company is known for their creations of innovative spaces. With three impressive showrooms in the Harrisburg area, their vast array of products include seating, desks, tables, classroom furniture (for K-12 and higher education), architectural space (walls, glass enclosures, panels, screens, flooring & rugs) and work tools (whiteboards, podiums, ergonomic office tools, lighting). The current owner only works 20 hours a week, given the highly talented Business Manager in place. Selling a low multiple of 2.5, a buyer’s ROI the first year is at 119%. Profits are $477,000 after all debt payments!

A highly experienced team is in place and includes 1 business manager, 6 designers, 2 project managers, 3 installers, 7 sales staff, and one person in customer service/office administration. They work both in the office and remotely, partnering with numerous manufacturers to bring their clients exactly what they’re looking for in a creative work environment. Sample showroom pieces comprise their low inventory.

Year-over-year growth since 2017 proves they have a strong client base and remarkable word of mouth advertising. Adding online sales, increasing social media presence, and optimizing the SEO are all areas that would add tremendous growth to the company.

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Property Features and Assets:

Lease: 3 showrooms: Location 1: 5,000 square feet showroom/office + 10,000 square feet warehouse + 4 docks; Location 2: 1,200 square feet showroom; Location 3: 4,000 square feet showroom.

Market Competition and Expansion:

Add online sales, social media, optimize SEO

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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