Business For Sale

Upholstery Services & Furniture Repair

Not Disclosed, NE


Asking Price: Annual Revenue:
$190,000 $473,179

Manufacturing: Furniture, Fixtures Manufacturing


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RE: Upholstery Services & Furniture Repair Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $190,000 15% Buyer Down Payment: $28,500 15% Seller Financing: $28,500 70% Bank Loan: $133,000 A 15% down payment would profit $67,461 after debt payments, returning 237% during the first year.

Quick Facts

Asking Price: $190,000
Annual Revenue: $473,179
Net Profit: Not Disclosed
Cash Flow: $94,811
Total Debt: Not Disclosed
FF&E: $26,550
Real Estate: Not Disclosed
Year Established: 1897
Employees: 6
BBN Listing #: 621634398
Broker Reference #: MAN020

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Business Overview:

Serving customers for over 100 years, this furniture upholstering and repair company has built a strong reputation for old-world craftsmanship. Considered a recession-proof trade, this business weathered the recent economic downturn with minimal disruption, and has tremendous growth potential. There are 6 employees in place to manage the work.

Work is split 60/40 between residential and commercial customers, with all stripping, cutting, repairing and upholstering done within the 3,300-sq. ft. building. The business location includes a showroom, work room and basement for storage.

Included in the purchase is over $35,000 of equipment, from saws, sanders, sewing machinery and office equipment, to a Grumman 5-ton delivery truck and fabric inventory. The seller mainly purchases inventory from 6 vendors for residential fabrics, and works with secondary vendors for commercial supplies.

Areas of growth include adding online fabric sales and hiring an in-house interior designer to help customers choose fabrics. An ambitious buyer could also add furniture and accessories for retail sales, and look to hiring more workers to generate more sales volumes and quicker turnaround time.

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:

Assets Included in Purchase: $35,550 Equipment: $16,550 – saws, sanders, sewing equipment, office equipment and more Vehicles: $10,000 – Grumman 5-ton delivery truck Intangible Assets: Database, website, trademark, name & reputation, relationships Inventory: $9,000 in fabric inventory *amounts may vary

Market Competition and Expansion:

Growth Opportunities: Online fabric sales; hire in-house interior designer to work with customers; retail sales of furniture & accessories; increase staff to generate more volume.

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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