Supplier of Diverse Workspace Solutions

Not Disclosed, NC
Craven County

Asking Price: Annual Revenue:
$645,000 $1,141,933

Manufacturing: Furniture, Fixtures Manufacturing

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RE: Supplier of Diverse Workspace Solutions Broker: Jeff Snell
Owner Financing is Available!

Quick Facts

Asking Price: $645,000
Annual Revenue: $1,141,933
Net Profit: $206,648
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $110,073
Real Estate: Not Disclosed
Year Established: 2006
Employees: 5
BBN Listing #: 89806351
Broker Reference #: WORKSPACE1

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Business Overview:

This business provides a wide range of high quality storage, organizational, and workspace solutions to both residential and commercial clients locally as well as nationally and online. The owners have built a large clientele including federal / state government and local municipalities, medical/hospital/research labs, industrial, manufacturing sectors including new floor marking signage for pandemic era social distancing. The business also provides a range of applications for residential garages (including workshops), home office spaces, attics, sheds, laundry/mudrooms and closets. Another residential product category offered to residential clients are fixed and retractable screens, shades and awnings. Not only does the business sell stock, semi-stock and fully custom cabinets, work surfaces and shelving they also install the highest quality epoxy floor coating solutions in hundreds of different colors and textures. The business is a supplier and distributor of industry related products, for some of which they hold an protected territory. The unique product mix, vendor redundancy, distribution capabilities, installation and service lines provides the owners a diverse, high-margin income stream.
Inventory value as of 11-16-2021.

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Property Features and Assets:

The business operates out of leased commercial space with good signage and frontage on a major thoroughfare with adequate parking. Within the facility are multiple showrooms that display many of the available products, colors and finishes available. There is also a workshop and warehouse for staging and preparing jobs for delivery and installation. Seller is currently in a month to month lease.

Market Competition and Expansion:

This business provides a complimentary range of products, installation and service that is difficult to match which has resulted in sales to clients across the country. A true "one stop shop" for most projects short only of electrical and plumbing when required. The business is well positioned for growth having the tools/equipment and tow vehicle/trailer to double capacity. A new energetic owner could choose to increase the number of products even further, undertake marketing in a larger geographic area, and/or increase participation in trade shows and home shows. The new owner could also open a retail showroom location selling accessories and complete installations direct to consumer.

Reason for Selling:

True 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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