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Asking Price: $59,900

High End Established Upholstery Furniture Repair

Not Disclosed, MA
Barnstable County

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 platformsThis 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.

Cash Flow $22,411
Revenue $53,602

Asking Price: $1,500,000

North Dakota Oilfield Services Co. with IP

Not Disclosed, ND
Not disclosed

Project Dakota is an oilfield service company that focuses on recycling flowback and produced water as required for coiled tubing plug drill/clean out operations. Their solutions include water recycling, oil recovery, reporting, water testing, chemicals, and mixing plant services. Major customers include XTO and ConocoPhillips. The company is located in North Dakota in the Bakken.Business Highlights: Market Channels: The company works with E&P majors predominantly and also some oilfield service companies. Company Growth: Management sees growth opportunities in converting their entire fleet to self-cleaning amiad systems, increasing sales team to multiple regions, and adding a sales team with relationships direct to Coil Tubing Operations. Competitive Advantage: The company is a market leader and is well placed to capitalize on the Bakken shale due to its geographical placement. Few competitors are in the region they currently serve and none of them have the separation technology. The company being a market leader, has an excellent reputation and provides impeccable service to customers and excellent relationship with all vendors. Management: Current ownership would stay on to help as needed for a transition period. There are essentially “General Managers” over the office which would be intact going forward for new ownership. Industry Growth: Demand for the Oil & Gas industry has been very high of late, with commodity prices returning to levels not seen since 2014. The global oilfield services market size was $267.82 billion in 2019 and is projected to reach $346.45 billion by 2027, exhibiting a CAGR of 6.6% Financials: Strong asset base and excellent candidate for financing. The company was resilient during the 2020 “COVID year” and is expected to grow 50% this year. 2020-2021 saw some customer slowdown which is starting to pick up in 2022. Revenue could exceed $3m this year, but management currently projects $2.5m to be conservative. Management has “pivoted” to be more focused and profitable during this downturn increasing margins as a result.

Cash Flow $750,000
Revenue $2,000,000

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