Large-Scale Furniture & Component MFG in North Carolina! (38028)

Asking Price$490,000

Cash Flow
$195,059

EBITDA$120,784

Gross Revenue$1,509,429

InventoryNot Disclosed

FF&E$385,000
Included in asking price
Real Estate$1,300,000
Not included in asking price
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Large-Scale Furniture & Component MFG in North Carolina! (38028)


Asking Price$490,000

Cash Flow
$195,059

EBITDA$120,784

Gross Revenue$1,509,429

InventoryNot Disclosed

FF&E$385,000
Included in asking price
Real Estate$1,300,000
Not included in asking price

Seller Financing Available
Business Description
Found in a desirable area of North Carolina, this manufacturer focuses small-large scale production of high-end wood furniture & components for furniture manufacturing companies.
Opportunity includes plan drawings, trademarks, copyrights and trade secrets!
Products include Chairs and bases, tables, case-goods and more.
Established client network!
Projections of $1.5 Million for 2024; 2023 Revenues reached $1,509,429 holding Discretionary Earnings of $195,059.
Subject to appraisal, spacious production facility of 22,000 square feet is in fantastic condition, features office area, storage room, and a large manufacturing space dedicated to recurring projects.
The owner has maintained company size due to preference. Active as a PT office manager, business could be transitioned to absentee after a standard transitioning period.
Opportunities to maximize outreach: launch website, constant contact email campaigns, aggressive marketing programs and increased direct sales efforts.
As Lumber & Plywood inventory varies per job, inventory and accounts receivable are open for negotiation at time of sale.
About the Business
Years in Operation
25
Employees
17
Facilities & Assets
Listing also includes current Receivables of $130K, site Improvements valued for $100K, and Project Varying Inventory. Property is available for Lease or separate purchase.
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
22,000
About the Sale
Seller Motivation
Approaching retirement and/or pursuing other interests.
Transition Support
Business size is kept out of preference with a part time manager, to allow absentee ownership after a standard transitioning period.
Financing Options
Standard SBA-term financing will be negotiable for qualified buyers.
Listing Info
ID
2274353
Listing Views
1457

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