|Custom Upholstery Manufacturer|
NCListing DetailsOffice ID: MFG16
Listing Broker: Charles Milam, M&AMI, CBI
Listing Price: $625,000
Gross Revenue: $1,000,000
Cash Flow: $200,000
FF&E Included: Yes
Sale Price: $584,100
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Seller will provide some financing for a qualified buyer.
Minority Owned: Yes
Reason for Sale:True Retirement
Training:30 days of training is included. Additional training and support are available as wanted.
OperationsYear Established: 1972
Form of Ownership: S Corp
Business Description:Custom manufacturer / re-manufacturer of new and refurbished upholstered furniture for high-end decorators, designers and boutique retailers.
Historical Summary:A reliable source for new and refurbished upholstered furniture for decades, the business has established relationships with many high-end decorators and designers plus specialized boutique retailers.
Owner Qualifications:People management skills along with business financial experience.
Competition:As one of the few if not the only domestic producer from beginning to finished product, there is little if any direct competition.
Potential Growth:Continue to promote the ability to produce custom "have it your way" upholstered products made in the USA.
LocationType of Location: Stand Alone
Real Estate for Sale: Yes
Monthly Rent: $4,125
Square Footage: 33000
Over 33,000 square feet of manufacturing, warehousing and office space located on 1.5+ acres of easily accessible property provides room for continued growth and is available for either lease or purchase.
Last Updated: Dec 18, 2017 / 11:53 AM
Financial Information Current as of: Dec 13, 2013 / 8:56 AM