Found in a desirable area of North Carolina, this manufacturer focuses small-large scale production of high-end wood furniture & components for furniture manufacturing companies.
Opportunity includes plan drawings, trademarks, copyrights and trade secrets!
Products include Chairs and bases, tables, case-goods and more.
Established client network!
Projections of $1.5 Million for 2024; 2023 Revenues reached $1,509,429 holding Discretionary Earnings of $195,059.
Subject to appraisal, spacious production facility of 22,000 square feet is in fantastic condition, features office area, storage room, and a large manufacturing space dedicated to recurring projects.
The owner has maintained company size due to preference. Active as a PT office manager, business could be transitioned to absentee after a standard transitioning period.
Opportunities to maximize outreach: launch website, constant contact email campaigns, aggressive marketing programs and increased direct sales efforts.
As Lumber & Plywood inventory varies per job, inventory and accounts receivable are open for negotiation at time of sale.
- Asking Price:
- $490,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,509,429
- Cash Flow:
- $195,059
Property Information
- Real Estate:
-
Lease
- Location:
-
Property marketed for $1.3 Million is available for Lease or separate purchase.
- Premises Details:
-
Listing also includes site Improvements valued for $100K, and current Receivables of $130K.
- Size in square feet:
- 22,000+/-
Business Operation
- Reasons for selling:
-
Approaching retirement and/or pursuing other interests.
- Trading hours:
-
Monday to Thursday 6:30AM to 4:30PM & Fridays from 6:30AM to noon,
- Employees:
- 17 nonunion.
- Years established:
- 2000
Other Information
- Support & training:
-
Business size is kept out of preference with a part time manager, to allow absentee ownership after a standard transitioning period.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Standard SBA-term financing will be negotiable for qualified buyers.
- Furniture / Fixtures value:
- $385,000 - included in the asking price
