Description of the business for sale
Fabric conversion business in Broward county for sale, in business since 1993. It takes raw fabric, prints or dyes it, and makes bed spreads, draperies, or flags. Its main clients are architects, manufacturing businesses, and interior designers. The interior designers usually work with hotels and resorts in FL and HI as most prints are tropical themed. Flags make up 30% and 60% of the business in terms of sales and profit respectively. 95% of inventory is domestic, 100% is printed in the US. There are 200 customers and 99% of the business is repeat. The Company runs lean with 7 employees including the CEO, 3 admin, 1 warehouse, and 2 sales. Owner works 38 hrs/wk. The warehouse is 6,300 sq/ft. $1.2M in inventory, $100K in equipment, and $1M in RE and leasehold improvements included. RE is optional.
ADDITIONAL FINANCIAL INFORMATION
•Inventory: $1,200,000
•FF&E: $100,000
•Real Estate$1,000,000
REASONS FOR SELLING: Retirement
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Support / Training provided by seller
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