MINNEAPOLIS, Minnesota
| Asking Price |
$1,215,000 |
Year Established |
2010 |
|
| Annual Revenue |
$5,272,517 |
Reason for Selling |
Aging owner planning for retirement |
|
| Annual P/L |
|
Attention |
The Firm |
|
| Annual Cash Flow |
$431,790 |
Listing Number |
951304 |
|
| # of Employees |
3 |
Business Category |
Retail: Home Furniture & Furnishings |
|
Business Overview:
Established in 2010, this company provides comprehensive project management services for office furnishings and work stations including procurement, interior layout design, coordination of transportation & installation. Their federal client base includes the Department of Veterans Affairs, US Army Corps of Engineers, USDA, and the Defense Logistics Administration. The team consists of an Operations Manager who oversees billing and scheduling, a Sales Associate responsible for generating leads and managing client relationships, and a Designer who collaborates on interior layout aspects. Minority owner is the COO; he actively manages all aspects of the business. Majority owner is absentee, and checks in 3-5 hours per week. He has no roles or responsibilities needing replaced. The decision to sell stems from the aging owner’s plans for retirement. The sellers have offered to carry 20% of the purchase price in addition to a 1–2-year transition in order to show their vested interest in the continued success of the business moving forward. Priced at $1,125,000, a 10% down payment of $125,100 can return $173,570 in the first year after debt payments! Future growth opportunities include an increase in bidding efforts and staff expansion. There is significant potential to expand current bidding activities on government contracts. Hiring additional staff dedicated to bidding and quoting could streamline processes further and allow for increased capacity to take on more projects simultaneously. With its comprehensive service offerings tailored specifically for federal clientele and clear avenues for growth through increased bidding efforts and staff expansion, this presents an attractive opportunity for prospective buyers looking to enter or expand within this sector.
Property Features and Assets:
Market Competition and Expansion:
<p>Growth Opportunities: Increase the current bidding effort on government contracts and hire additional staff for bidding / quoting.<br></p>
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity