Custom Furniture Manufacturer with Real Estate & Excess Mfg Capacity!

Lincoln County, NC
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Asking Price:$2,500,000
Gross Revenue:$3,100,000
FF&E:$345,000
Established Year:1974
Cash Flow:$282,312
Inventory:$275,000
Real Estate:$1,100,000
BUSINESS DESCRIPTION

Presented for sale is a longstanding, well known contract furniture manufacturer that crafts high-quality upholstered and wood exposed products embodying elegance, durability, and timeless style. With a rich heritage dating back for decades, the company enjoys a diverse and loyal customer base with numerous clients in the government, education, healthcare, corporate office, and hospitality industries.

The company’s nimble manufacturing processes allow it to create custom/made to order chairs, sofas and other furniture efficiently to fit the customer’s needs. The business is housed in an 82,000 sq foot facility that has significant excess capacity and that would be perfect for adding additional manufacturing operations.

As an advocate for responsible manufacturing, the company prioritizes sustainable practices and ethical sourcing. The materials it uses for its products are sourced from reputable suppliers who adhere to strict environmental requirements, ensuring minimal ecological impact.

The company would be particularly attractive to a domestic manufacturer looking for a fast and efficient way to enter additional markets. With many manufacturing facilities being relocated back to the United States, this is an opportunity to acquire a solid manufacturing platform in the heart of North Carolina’s furniture manufacturing region.


DETAILED INFORMATION
Location
Lincoln County, NC
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
82,000
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Business sits on +/- 7AC with 82,000 manufacturing facility. Plenty of room to expand on site, or bring in additional product lines for mfg.
Competition
The company excels over its competition by offering a more tailored furniture solution while remaining flexible and adaptive to the changes required by their high end clients. The company’s nimble manufacturing processes allow it to flex lead times to meet project requirements, which gives it a competitive edge. Given the location, this business has unique access to extremely talented and specialized labor. Of the fully staffed team many have been in the furniture mfg trade for decades.
Growth & Expansion
Growth opportunities include adding additional product lines and adding new opportunities by rationalizing the sales channel. If the buyer were already operating in a parallel industry, there could be significant opportunities for additional revenue through the buyer’s existing sales channels.
Support & Training
The owners are committed to a successful transition and will gladly support the Buyer through a negotiated Transition period.
Reason for Selling
Retirement
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Steve
Tsoris
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Steve Tsoris