Description of the business for sale
Would you like to own the market leader in this specialty furniture manufacturing market? Owner's seek sophisticated manufacturing expertise in a buyer to take this company to the next level. Marketing and franchise plans are in place. No foreign competition and the company has a virtual corner on the raw material supplier. The right buyer will make company growth exponential. 2006 revenue growth will exceed 16%; income growth should almost triple. Is the company worth a slight premium? Look at it and decide for yourself!
GROWTH: The company currently requires up front payment from customers, which significantly impacts commercial accounts. There are several large, nationwide commercial accounts beating on the doors asking for terms. Expansion to commercial accounts would minimally double business in short order. Franchise plans for outlet stores have also been prepared.
COMPETITION: The company now dominates its market and has grown nationwide.
ADDITIONAL FINANCIAL INFORMATION
•Inventory: $140,675
•FF&E: $998,454
•Real Estate: $2,200,000
REASONS FOR SELLING: Revenue growth, company size need more sophisticated corporate governance
Support / Training provided by seller
The sellers will stay on with the company if desired and will train as needed.
Description of the facilities
44,000 SF manufacturing facility plus showroom and office. Outlet store (separate location). All in excellent condition.