Retailer of Commercial Interior Fixtures and Furnishings
Business Description
Description:
The Company delivers branded interior fixtures and furnishings to customers in the construction and design industries related to hospitality, assisted living, and multi-family sectors.
Key Aspects:
• Revenue grew at a compound annual growth rate (CAGR) of 13.1% from 2020 through 2023
• From 2020 to 2023, the Company’s revenue averaged $27.4M
• Estimated open balance of $8.8 million as of June 2024
• Offers a large portfolio of custom-made products
• Preferred vendor for well-known hospitality brand
• Well-established and known for quality service and industry expertise, ensuring a streamlined experience for end users
• The Company has no long-term debt
Opportunities:
• Further expand the Company’s service capacity to reach new markets
• Diversify product selection to incorporate more environmentally friendly furniture to meet the market’s demand for sustainable products
• Establish agreements with additional hospitality brands
Headquartered:
• Southeast US
Current Markets:
• The Company primarily serves customers in the hospitality, assisted living, and multi-family sectors throughout the United States.
Real Estate:
• The Company operates from a 3,500 sq. ft. office space owned by the two majority owners. The Company also utilizes a 20,000 sq. ft. facility for warehouse space, which is owned by an unrelated third party. Management notes that the operations are relocatable outside of the current locations.
Shareholder Ownership:
• The Company is owned by five shareholders. Two shareholders wish to retire from active participation in the business, and the other three shareholders are willing to remain with the company following a sale and are open to a variety of deal structures.
The Company delivers branded interior fixtures and furnishings to customers in the construction and design industries related to hospitality, assisted living, and multi-family sectors.
Key Aspects:
• Revenue grew at a compound annual growth rate (CAGR) of 13.1% from 2020 through 2023
• From 2020 to 2023, the Company’s revenue averaged $27.4M
• Estimated open balance of $8.8 million as of June 2024
• Offers a large portfolio of custom-made products
• Preferred vendor for well-known hospitality brand
• Well-established and known for quality service and industry expertise, ensuring a streamlined experience for end users
• The Company has no long-term debt
Opportunities:
• Further expand the Company’s service capacity to reach new markets
• Diversify product selection to incorporate more environmentally friendly furniture to meet the market’s demand for sustainable products
• Establish agreements with additional hospitality brands
Headquartered:
• Southeast US
Current Markets:
• The Company primarily serves customers in the hospitality, assisted living, and multi-family sectors throughout the United States.
Real Estate:
• The Company operates from a 3,500 sq. ft. office space owned by the two majority owners. The Company also utilizes a 20,000 sq. ft. facility for warehouse space, which is owned by an unrelated third party. Management notes that the operations are relocatable outside of the current locations.
Shareholder Ownership:
• The Company is owned by five shareholders. Two shareholders wish to retire from active participation in the business, and the other three shareholders are willing to remain with the company following a sale and are open to a variety of deal structures.
Listing Info
- ID
- 2253186
- Listing Views
- 308
Attached DocumentsAttachment Disclaimer
Teaser_v2_BN000047187_Retailer_of_Commercial_Interior_Fixtures_and_Furnishings.pdf
Listing ID: 2253186 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 of Use. Learn how to avoid scams.