New Lower Price! Upholstery - Upscale Client Base

Not Disclosed, MN
Hennepin County

Western Suburbs of Minneapolis

Asking Price: Annual Revenue:
$150,000 $320,610

Services: Home Improvement, Repair, Painting

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RE: New Lower Price! Upholstery - Upscale Client Base Broker: Darrel Damhof

Quick Facts

Asking Price: $150,000
Annual Revenue: $320,610
Net Profit: Not Disclosed
Cash Flow: $68,583
Total Debt: Not Disclosed
FF&E: $9,400
Real Estate: Not Disclosed
Year Established: 1974
Employees: 1
BBN Listing #: 54834955
Broker Reference #: 5101-17134

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Business Overview:

For almost a half century, this business has been providing high quality upholstery services and building a returning client base in the upscale areas of the western suburbs of Minneapolis and around Lake Minnetonka. Their services include providing their upholstery expertise to a variety of furniture pieces from chair pads, cushions, sofas, dining chairs, benches, and more. They also will custom make down pillows of any size with the fabrics of the client's choice. Finally, they can fix old furniture and make it look new again whether the need is for wood touch-up & refinishing, gluing & bracing for structure damage, spring work, or caning. These services are done at the business location owned by the business owner. The business had a key employee who passed away in 2020 and they have been using some of the upholstery services from subcontractors recently. Their business remains strong as they currently have an 8 month backlog of projects from their client base. The real estate property will be available to the buyer to lease on appropriate terms or it also can be available to purchase if that is desired by the buyer.

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Property Features and Assets:

The business is located on about a 3rd of an acre parcel and has on it three structures. The main building where most of the upholstery work is done is about 1,300 square feet. A second newer building is 24 X 24 and has 2 vehicle stalls with nine foot garage doors on the lower level with the upper level roughed in for an efficiency apartment, but is currently used for storage. Finally, there is another storage structure that is 8 X 12 feet in size. Assets - $9,400

Market Competition and Expansion:

There are other upholstery business in the Twin Cities. The buyer who continues to provide the quality service that the client base has been receiving for almost 50 years will be able to grow the business assuming the buyer has the capacity for the work. Currently, there is an 8 month backlog of work and the business continues to get requests for additional work but is trying to add work judiciously.

Reason for Selling:

The owners wises to retire.

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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