Excellent opportunity to own or acquire a commercial furniture manufacturer/supplier based in Coastal SC. The business mainly supplies industrial customers with seaside-themed furniture that is durable enough for vacation rental properties. The owners manage day-to-day operations and maintain relationships with hundreds of clients.
- Asking Price:
- $700,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,646,277
- Cash Flow:
- $256,768
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The business operates from an industrial building to manufacture its products and has a showroom. This is ideally located close to the coast, which gives their customers easy access. The facilities are for sale for $1,675,000.
Business Operation
- Expansion Potential:
-
The business could easily expand its online presence and direct mail advertising for its showroom. Expanding throughout the southeast is an option to increase their customer base.
- Competition / Market:
-
The business is well-established in the community with a broad customer base. Their seaside theme, easy access, and quick turnaround time leave them with little direct competition in their niche.
- Reasons for selling:
-
The owners are selling the business to pursue other interests.
- Trading hours:
-
Monday-Friday 9am-5pm
- Employees:
- 9 FT
- Years established:
- 30
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$150K down/$70K over 120 mos. @ 7%/Other Financing.
- Furniture / Fixtures value:
- $12,000 - included in the asking price
- Inventory / Stock value:
- $64,000 - included in the asking price
