Custom Commercial Furniture Manufacturer

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Asking Price:
$1,100,000

Gross Revenue:
$4,286,402
Cash Flow:
$289,361
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$489,700
included in asking price

FF&E:
$400,000
included in asking price

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Business Description

The Company produces a wide range of custom furniture which it sells through direct and indirect sales channels to diverse markets across the Pacific Northwest region of the United States. The Company’s long-term relationships with key accounts are driven by its responsiveness to customer needs and its consistent product quality. The highly skilled workforce has strong tenure and no key employees are near retirement.

About the Business

Location:
King County, Washington
Year Established:
1948
Number of Employees:
29
Real Estate:
Leased
Building Sq. Ft.:
65,760
Rent:
$38,659.00 Per Month
Lease Expiration:
12/31/2023
Facilities:
Modern, attractive facilities are well-located relative to its largest market with good access to key transportation routes and shipping. There is ample space for growth. The lease includes an option which ends December 31, 2028.

The equipment is up-to-date with capacity for growth. The acquirer should have modest future capital expenditure requirements.
Market Outlook/
Competition:
There are few competitors in the addressed market.
Growth & Expansion:
The recent salesforce expansion is beginning to capitalize on the diverse range of businesses in its growing market. The market size and economic outlook, both short and long-term, offer substantial opportunity for future growth.
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About the Sale

Reason For Selling:
Size and distance from company headquarters.
Training/Support:
Seller will train and transition the business in accordance with the purchaser’s requirements.
Seller Financing:
Seller will provide partial financing for a qualified buyer.

Listing Info

ID:
1642873
Ad Detail Views:
0

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Business Listed by

Eric Breidenbach

Business Team-SJ
License# WA 17578

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Sponsoring Broker:

Michael Floorman
Business Team-SJ
License# 01160661


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