NOT DISCLOSED, North Carolina
| Asking Price |
$498,000 |
Year Established |
1988 |
|
| Annual Revenue |
$666,072 |
Reason for Selling |
Other interest |
|
| Annual P/L |
$0 |
Attention |
Sherrye Coggiola |
|
| Annual Cash Flow |
$153,876 |
Listing Number |
1010031 |
|
| # of Employees |
12 |
Business Category |
Manufacturing: Furniture, Fixtures Manufacturing |
|
Business Overview:
This is a rare opportunity to acquire a vertically integrated furniture enterprise with a diversified revenue stream. While the business excels in custom upholstery and design, its "crown jewel" is its robust Restoration & Reupholstery division. This segment leverages long-standing relationships with insurance carriers and restoration contractors, providing a consistent flow of high-margin work that is recession and AI-proof.
Asset rich and nearly 4 Decades in operations makes this business the ONE we are all seeking. Diversified customer base from B to C, B to B, and high end designers- where will you take it next?
Property Features and Assets:
<p>In 2004, current CEO purchased the company which was started in 1988. Under his leadership, the business model shifted from a simple upholstery service shop to a comprehensive manufacturing powerhouse. <br>Current owner launched the custom manufacturing division, allowing the company to design and build its own custom furniture line rather than just reupholstering existing pieces. <br><br>This shift led to rapid expansion, quickly outgrowing the original space as demand increased for both custom builds and high-end restoration. <br><br>The company reached a major milestone in 2010 when it purchased three acres and a dedicated manufacturing facility<br>The new plant provided the space to scale every division, from residential upholstery to commercial hospitality and healthcare contracts. <br><br>The brand's reputation for quality reached the highest levels of government, including projects for the White House. <br><br>Today, the business is a dominant player in the Southeast, uniquely positioned at the intersection of artisanal craftsmanship and high-margin insurance restoration.<br></p>
Market Competition and Expansion:
<p>The growth trajectory of the restoration division is a compelling aspect of this acquisition. Going from $30,000 in 2023 to over $200,000 in 2025 represents a 566% increase in just two years.<br><br>This explosive growth proves that the "restoration-led" model is a high-velocity revenue engine that is currently transforming the business’s bottom line.<br>Focusing on this segment allows for recession resistance.<br>While luxury custom builds may fluctuate with the economy, insurance-funded restoration is non-discretionary.<br>With restoration now approaching nearly half of total revenue, the business has successfully transitioned from a traditional retailer to a specialized service-and-solutions provider.<br>By aggressively pursuing formal contracts with major insurance carriers and national restoration franchises, the business can move to a "proactive" automatic referral pipeline.<br>There is a massive untapped market of homeowners who own high-quality "legacy" furniture that is structurally sound but aesthetically dated.<br>A dedicated marketing campaign focusing encouraging clients to restore high-quality older frames rather than buying new, lower-quality imports. Allowing for a focus on a world wide eco friendly trend of reduce, reuse,recycle.<br></p><p><br></p><p>The US furniture repair and restoration market is currently valued at approximately $2.1 billion and is projected to reach $4.3 billion by 2032, growing at a robust CAGR of 7.1%.Three major tailwinds are driving this growth:The Circular Economy: 75% of US homeowners now prefer "repairing and upcycling" over purchasing "fast furniture" due to environmental concerns and the rising costs of new high-quality goods. The insurance restoration sector is expected to exceed $4 billion in gross sales in 2025. Increasing weather-related claims (fire/water) are creating a permanent, high-volume pipeline for furniture mitigation. There is a shortage of skilled artisans in the US. This "skills gap" acts as a massive barrier to entry, making an established business with a trained team like this a highly valuable, asset.<br></p>
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity