Furniture Procurement for Education & Healthcare

Harrisburg, PA
Huntingdon County

Harrisburg, PA


Asking Price: Annual Revenue:
$3,900,000 $16,283,769

Services: Engineering, Architectural Services


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RE: Furniture Procurement for Education & Healthcare Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $3,900,000 12.5% Buyer Down Payment $487,500 10% Seller Financing $390,000 5% Equity Roll $195,000 72.5% Bank Loan $2,827,500 A 12.5% down payment of $487,500 returns $808,507 in the first year after debt payments!

Quick Facts

Asking Price: $3,900,000
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:

Well-established in Pennsylvania for over 30 years, this business already has a highly talented Business Manager in place, allowing the owner to only work 20 hours per week! This furniture procurement & installation company provides high-demand furnishings to meet social distancing guidelines for schools, offices, and healthcare facilities. With over $16M in revenue in 2019, this company is widely known for their creations of innovative spaces. Along with the Business Manager, the experienced team also includes 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.

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).

Priced at $3,900,000, a 12.5% down payment of $487,500 returns $808,507 in the first year after debt payments – a 166% return on investment! 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.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

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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