Technology Driven Furniture Manufacturer, Great Profits

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#technology #manufacturing #profit #furniture
Asking Price:
$2,000,000

Gross Revenue:
$2,800,000
Cash Flow:
$700,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

With signed backlog exceeding $2 million, this furniture manufacturer is experiencing explosive growth. Sales for 2019 are already expected to reach close to $3 million which would double 2018 sales. 2019 net profits will exceed $700,000. Customers are general contractors, developers, and owners in the commercial space and primarily hospitality such as hotels, motels, and restaurants. Furniture is made for the hotel rooms as well as the hotel lobbies and common areas. Sales breakdown is:

30% - architectural millworks

50% - cabinetry case work

20% - general construction contracting

Sophisticated equipment with cost basis of $1,000,000 employing the latest software advancements is driving the healthy profit margins. With a 13,000 square foot shop and 8,000 square feet fenced yard, this business can continue to handle the expanding sales.

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About the Sale

Reason For Selling:
Moving out of state

Listing Info

ID:
1615409
Ad Detail Views:
0

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$
months
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Business Listed by

Stuart Greenberg

LINK Business LA

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Sponsoring Broker:

LINK Business LA
LINK Business LA
License# 01294452

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