The company is a distributor and licensed contractor for the installation of furniture and equipment for Louisiana customers in the education, commercial, healthcare, and government industries.
Key aspects:
· Over 26 years of extensive experience serving a specialized market
· Strong vendor relationships with factories and manufacturer representatives
· Exclusive contracts in Louisiana with well-known manufacturers that are constantly innovating and evolving their product mix
· Consistent net income margins averaging 16.7% for fiscal years 2021 through 2023
· Only company in Louisiana with statewide coverage
· No long-term debt on the balance sheet
Opportunities:
· High potential for growth in a primary market sector
· Addition of personnel to allow expansion into other markets
· Few barriers to entry into Mississippi and Arkansas
· Product mix can be expanded to include systems and healthcare furnishings
Headquartered:
· Baton Rouge, Louisiana
Current markets:
· The company is a licensed specialty contractor and a distributor of furniture in Louisiana, serving a customer base that includes the education, commercial, healthcare and government industries.
Shareholder/owner objectives:
· Two equal owners are both nearing retirement and are open to various deal structures. Both are willing to remain with the business for an agreed amount of time to allow for a smooth transition to new ownership.
