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Priced at $705,000, a down payment of $70,500 returns $115,209 in the first year after debt payments – a 163% return on investment! With an extremely diverse client base consisting of both residential and commercial customers, this company specializes in custom fitted furniture for schools, healthcare facilities, churches, and corporate offices, as well as residents in the Twin Cities region. Deemed an essential infrastructure business, there is a well-trained team of 10 already in place that includes designers, sales representatives, and accounting staff, as well as employees who focus on production, assembly, delivery, and installation. Their mission is to provide the client with individually designed, high quality furniture solutions at a fraction of the cost of custom-made furniture. This dynamic company utilizes in-house engineering and manufacturing as well as outside resources to create beautiful solutions that fit any space perfectly, maximizing storage and functionality. The team has successfully altered their process in recent months to include virtual design consultations and they are following all necessary protocols for in-home meetings, deliveries, and installations.
The modular furniture system includes components for offices, storage spaces, bedrooms, home entertainment areas, wall beds, closets, and garages. The owners focus on managing the daily operations including design, sales, ordering, production, marketing, and financial oversight.
Operations are managed from their conveniently located headquarters with ample space for the showroom, offices, and work area for manufacturing and assembly. Continued growth can be found through increased marketing and networking to residential clients who are working from home. With work already in the pipeline and a flexible transition period, this business is ready for the next owner to step in for continued growth and success.
Twin Cities Area, Minnesota
Lease: 7,200 sq. ft.: Large showroom, office, conference room, private offices, kitchen, restrooms, large work area for manufacturing and assembly
Network and advertise to residential clients working from home
Seller is willing to remain a part of the team for 6 months – 1 year
Purchase Price: $705,000
10% Buyer Down Payment $70,500
10% Seller Financing or Equity Roll $70,500
80% Bank Loan $564,000
A 10% down payment of $70,500 returns $115,209 in the first year after debt payments!
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