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- RE: High End Established Upholstery Furniture Repair
- Contact: Timothy Larrabee
Quick Facts
Asking Price: | $59,900 | |
Annual Revenue: | $53,602 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $22,411 | |
Total Debt: | Not Disclosed | |
FF&E: | $15,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1972 | |
Employees: | 2 | |
BBN Listing #: | 240762860 | |
Broker Reference #: | 12821-179181 |
Business Overview:
Are you an experienced upholsterer looking to open your own business in an affluent area where customers are willing to pay for quality? This 50-year old business has been a fixture in this wealthy coastal region for decades and is being sold with a database filled with hundreds of past clients including corporate executives, museums and well-heeled families.
This small, family-run business specializes in custom upholstery, draperies, fabrics, shades, shutters and blinds.
The seller has deliberately slowed down his upholstery operation over the past few years but has still managed to average over $57k in annual revenue with much more demand for his services than he can handle. A buyer with energy and motivation to grow this business, should be very successful in this area. Price includes equipment, inventory, customer list, websites and supplies. Start getting quality leads on your very first day!
This business has been providing high end upholstering, draperies and interior design services for 50 years. The business founder, a Master Craftsman, apprenticed with classic, “Old World” upholsterers and is very well respected in the industry with a stellar reputation. The seller is now ready to retire and pass this business over to the next generation with the hope of continued success for the new owner.
This business has virtually no competition with only a small shop in a neighboring town and a few decorators in the region. In addition, there has never been a lack for work due to an excellent reputation and a steady stream of referrals gained from thousands of past customers.
This business offers many avenues for sales growth and profitability. Below are a few recommendations suggested by the Seller:
* Expand more into the sales and service of window treatments
* Create a retail store in the shop for direct sales of fabrics and related supplies
* Improve the website and expand into more social media platforms
This business is situated in a small, strip mall with a rental space consists of an 800 square feet retail storefront and an 800 square feet basement level storage area. The total rent per month is $1,000.
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Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Massachusetts businesses for sale
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