Custom production 31 year old Manufacturing Facility of wood casework and all aspects of fine interior trim, seating and functional products for the hospitality, hotel and resort industry. Seller is the exclusive vendor to most clients. Business is NOT reliant upon existing seller relationships. Business is easily scaleable to increase revenue in related industries. Seller requires a 50% deposit on all orders prior to production. No litigation. Employees are leased via ADP. Seller provides design services including full conceptualization, CAD/CAM processing, and in house production of construction documents. Seller only works with multi-store brands/chains and does not work with "one offs" or single independents. Top line revenue was impacted due to Covid in 2020 however seller managed COGS to maintain good profitability. Revenue and profitability came roaring back in 2021 and is expected to continue at similar levels going forward. Consistently no collection issues/bad debts. State of the art equipment list available. Business is lender pre-qualified. Buyers must be fully qualified both financially and personally.
- Asking Price:
- $2,799,000 (USD) Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $3,612,355 (USD)
- Cash Flow:
- $1,608,525 (USD)
- Real Estate:
- Premises Details:
Seller operates in an attractive 50,000 square foot facility with plenty of room for expanded production capability without the need for additional space or manufacturing equipment. Seller prides himself with his clean and safe operating environment.
- Expansion Potential:
Seller routinely declines new business opportunities as they are "comfortable" with their current revenue stream. Seller states there is sufficient equipment and necessary floor space to double if not triple their current revenue.
- Competition / Market:
Sellers are "Exclusive" providers to most of their clients leaving no need for competitive pricing. Our sales point is established based on a long-term relationship supplying our clients needs. Seller operates without a salesperson per se. All business is the result of 30 years plus history of providing world class product.
- Reasons for selling:
Retirement after over 30 years of successful and profitable ownership of this business.
- Trading hours:
Mon-Thurs 7:30am-5pm; Fri 7:30am-4pm
- 17 FT
- Years established:
- Support & training:
Will train for 4 weeks @ $0 cost.
No special licenses other than a standard county business license. General admin, marketing, and financials skills helpful.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
$280K down/$280K over 72 mos. @ 6%/Other Financing.
- Furniture / Fixtures value:
- $757,422 (USD) - included in the asking price
- Inventory / Stock value:
- $3,500 (USD) - included in the asking price