Asking Price: $595,000 Gross Revenue: $2,494,136Cash Flow: $222,833 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $550,000 not included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: $10,888,000 not included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Confidential Information Memorandum (CIM) available upon receipt of our short online NDA - visit here: http://www.pronovapartners.com/engagement/huge-commercial-furniture-importer-distributor-1-1mm-inventory-incl/
The Company imports commercial furniture products and distributes via wholesale/retail channels. Array of furniture products primarily from manufactures in China serve restaurants and restaurant chains across the United States.
On the wholesale side, Company sells to restaurant dealers, who provide a wide range of products and equipment with one-stop integrated solutions to restaurants.
On the retail side, Company sells to customers through e-commerce platforms such as Amazon, Wayfair, and Overstock and alike.
Through the years, the Company has developed reputation for consistently high-quality, fantastic products at attractive prices demanded by customers.
The Company emphasizes both quality and price but operates on the principle that the customer comes first. Excellent customer service has made them a leader in their field with a good reputation. The Company has a strong customer base serving 860 customers in 2018 and has an extensive customer database of 1,300+ customers.
This could be a strong candidate for L1/EB1C or other immigration visa programs through acquisition of a business.
NDA is required for comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
About the Business
Number of Employees:
Building Sq. Ft.:
The entire building is nearly 60,000 sq. ft., divided into three units. The Company’s offices, showroom and warehouse fill two, and one is leased to another business.
The Sellers own the real estate and are open to selling it. Asking price for the commercially-zoned property is $10,888,000.
There is competition from local commercial furniture providers, other importers and e-commerce companies, but top competitors have their own characteristics, and this Company is differentiated because of better service, closer work relationships and vendor support, not to mention different products.
Growth & Expansion:
For maximum growth, the Company visions an increase in business through e-commerce platforms.
For a strategic buyer, this could be a rare vertical integration opportunity that captures the whole margin of the value chain. The Company already has established distribution channels, which could be utilized by a manufacturing buyer to distribute its own products.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.