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Michigan Furniture Manufacturing Company In The USA For Sale

Michigan, US
Asking Price:
$4,150,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$5,209,398
Cash Flow:
$1,340,210

Established in 1990, this opportunity is based in Michigan and stands as a premier manufacturer of top-tier office furniture.

With a focus on delivering exceptional products and services, they cater to furniture dealers, architects, and design firms, setting the benchmark for quality in the industry. Renowned for crafting exceptional products, this company offers premium quality items at competitive prices.

Their remarkable flexibility allows them to tailor products to precisely meet their clients' requirements. Specializing in the Contract Office Furniture market, they primarily serve clients in the Office, Healthcare, Higher Education, and Government sectors.

Property Information

Premises Details:

The facility is very well maintained with about 63,000 square feet on 2.69 acres. The building was built in 1990, and a few years after the main building was built, there was a section added that includes the owner's office, an elevator to a new 2nd floor open office area, and about another 25% of plant area. The Company owns the facility and it can be part of the transaction. The Company also uses top-tier technology. To ensure accuracy and precision in their designs, they utilize Auto-CAD based technology along with CNC equipment.

Business Operation

Expansion Potential:

While the company has experienced consistent revenue growth annually, it has yet to reach its full capacity. By implementing additional automation, there exists the potential for sales to soar beyond $30 million. The Company also enjoys the support of manufacturer reps who play a key role in marketing and fostering long-term relationships with clients. However, there are thousands of furniture dealers all around the U.S. that they have not yet established relationships with, presenting a significant opportunity for growth.

Competition / Market:

While many of the Company's clients are within a 200-mile radius of their headquarters, the company has clients all over the country. Their clients include office furniture dealers, and they also cater to the architecture and design community. The Company is strategically located in a well populated Michigan metro market.

Reasons for selling:

Ownership would like to retire to spend more time with the family, and enjoy life.

Employees:
27
Years established:
34

Other Information

Support & training:

Ownership is willing to provide assistance during the transition period.

Furniture / Fixtures value:
$2,448,536 - included in the asking price
Inventory / Stock value:
$199,978 - included in the asking price