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

North Carolina

Seller Financing Available

listing image
Asking Price:$490,000
Gross Revenue:$1,509,429
FF&E:$385,000
Established Year:2000
Cash Flow:$195,059
EBITDA:$120,784
Real Estate:$1,300,000
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.


DETAILED INFORMATION
Location
North Carolina
Inventory
Included in asking price
Real Estate
Owned
Building SF
22,000
Employees
17
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Listing also includes current Receivables of $130K, site Improvements valued for $100K, and Project Varying Inventory. Property is available for Lease or separate purchase.
Financing
Standard SBA-term financing will be negotiable for qualified buyers.
Support & Training
Business size is kept out of preference with a part time manager, to allow absentee ownership after a standard transitioning period.
Reason for Selling
Approaching retirement and/or pursuing other interests.
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Jason
Hullender
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Jason Hullender