NOT DISCLOSED, North Carolina
| Asking Price |
$1,500,000 |
Year Established |
2009 |
|
| Annual Revenue |
$1,569,898 |
Reason for Selling |
Owner feels he is holding back the growth of the company. |
|
| Annual P/L |
$0 |
Attention |
Don Emmett |
|
| Annual Cash Flow |
$506,513 |
Listing Number |
997163 |
|
| # of Employees |
12 |
Business Category |
Services: Business & Office Services |
|
Business Overview:
This well-established, profitable, and turnkey business specializes in office furniture installation services, catering primarily to furniture dealers without in-house installers. The company has a long-standing market presence of 16 years, and its reputation for quality work and experience is its most effective form of marketing. Located in a modern industrial flex space with a spacious warehouse, the business offers a variety of services.
The company's primary owner, who has been in the Office Furniture installation business for decades, is looking for his next chapter, which could include staying with the new owner.The new owner's responsibilities would include strategic planning, sales,quoting, and customer relations, with the possibility of managing projects until and if a project manager is hired. The company has a stable team,including an operations manager. who is capable of acting as a General Manager. The business is well-positioned for growth by adding more staff or sales personnel and marketing efforts.
The SDE shown includes a rent charge of $12,450,is based on the Last Twelve Months through May 2025.
Property Features and Assets:
<p>The company operates out of 13,500 sq ft of industrial flex space located in an industrial park. The facility is a commercial condo and is in very good condition. It features modern offices and a spacious warehouse with abundant racking. The current facility is approximately 80% utilized, with the remaining space used for rotating projects.</p><p>Assets = $82,000</p>
Market Competition and Expansion:
<p>The company's typical customer is a furniture dealer who does not have their own installers. The business maintains a strong competitive advantage through its experience and reputation. A potential threat to the business is the competition and the challenge of replacing current employees.<br></p><p>The owner has identified several opportunities for growth,including adding more staff and sales personnel to increase revenue and profitability. The projected revenue growth for the next year is 10%.<br></p>
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