Bank owned, desperate turn around opportunity for fast buyer only
Manufacturing - Furniture Manufacturing | Entertainment and Leisure - Other Entertainment and Leisure
| Asking Price: | $1,200,000 | Inventory: | $600,000 ++ |
| Gross Revenue: | $2,500,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | Not Disclosed | FF&E: | $300,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: starting to frow again | |||
This business has huge potential but lacks the resources to make something dynamic happen. Sales were 5mm+ just 3 years ago and have fallen to 2.5mm. Old mangement is now gone and a great president is starting to hake good things happen again. hjey currently hold about 12% of th market share with thei main competitor holding 80%. This business needs distributor networks and to roll out he new products. Lots of back orders that cannot be completed without more captial. One of the most promising turn around projects I have eer seen and worth you attention if you have skills in these areas. NDA and PFS required.
About the Business
Year Established:1999
Employees:10 full time -
Relocatable:Yes
Facilities:favorable 5 year $1.75 lease with the potential to move the business anywhere in the world.
Market Outlook and Competition:New products are ready to roll and competitors patiets are expiring soon. The outlook is bright IF more sales reps and distributors are secured.
About the Sale
Management Training and Support:New president and long established work force will greatly assist in the training and support. Owner are also willing to invest the needed efforts to ensure a successful transition.
Reason For Selling:Lack of capital to manage the business
Seller Financing:200K in AR also included in asking price. bank currently is hndling the sales and any seller paper must be presented to them
KEYWORDS: Michigan, Manufacteuring, Distribution, sales, service, e-commerce,
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