The Furniture Repair And Custom Build Business has been designing, building, restoring, and repairing high-quality furniture in Iowa for many decades. The business is known for top-quality repair and refurbishing of commercial and residential furniture as well as building one-of-a-kind pieces. The business offers a large variety of wood, fabric, leather, or vinyl materials with an unparalleled reputation for quality craftsmanship. The business is able to meet the unique design requirements of customers with the most popular materials on the market while ensuring the repair process goes smoothly from the initial work through final product delivery.
- Asking Price:
- $710,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $974,313
- Cash Flow:
- $191,399
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
NNN
- Leasehold Rent:
-
$72,000 per annum
- Location:
-
Central Iowa
- Premises Details:
-
The business operates from an approx. 10,000 sq. ft. building with ample space for customer parking and is located on a busy street in an Iowa metro area providing for ease of customer and vendor access.
- Size in square feet:
- 10,400
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
The business has established strong relationships across the area with owners of millwork shops, designers, restaurants and moving businesses which has led to steady revenue. A new owner could build upon these relationships by joining various local associations such as the Iowa Restaurant Association, American Insitute of Architects and the Building Office Management Association (BOMA) in order to enhance the pipeline for commercial revenue. Other areas for growth for the business would be through building relationships with churches, realtors, designers and architects for referrals and restoration opportunities.
- Competition / Market:
-
The business is well known in Iowa for providing furniture repair and custom build services using leather, wood, metal, and painting/staining all done under one roof with an experienced team. The ability of this business to support customers from the initial design, through build and finish is unique in the market and highly desired by customers.
- Reasons for selling:
-
Retirement.
- Employees:
- 11
