Established in 1946, this Company is a specialty manufacturer of custom solid hardwood steam-bent components. The Company serves customers nationwide, with nearly all current revenue generated from the contract furniture industry. Its capabilities include complex bends and thick-stock applications, supported by specialized equipment and decades of technical experience.
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- Asking Price:
- $1,399,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $209,922
- Cash Flow:
- Under $50K
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
Mid-Michigan
- Premises Details:
-
The Business runs out of three connected buildings. The buildings contain office space, a wood bending area, dry-rooms, shipping, boiler room, die storage, a mill, vac dryer, and lumber storage.
- Size in square feet:
- 28,903
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
(1) Maximize Use of Existing Capacity
(2) Add New Services
(3) Pursue New Client Segment
- Competition / Market:
-
(1) Specialized Capabilities
(2) Focus on Quality
(3) Technical Experience
- Reasons for selling:
-
Ownership is pursuing retirement.
- Employees:
- 1 Full-Time, 1 Part-Time
- Years established:
- 1946
Other Information
- Support & training:
-
Ownership is willing to provide reasonable and customary transition assistance.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Limited seller-financing is available for qualified buyers.
- Furniture / Fixtures value:
- $1,325,731 - included in the asking price
- Inventory / Stock value:
- $53,743 - included in the asking price
- Distressed:
- This business is a turnaround opportunity
