Manufacturer of High Quality Upholstered Furniture
| Gross Revenue: | $1,933,071 |
| EBITDA: | $320,975 |
Description:
The Company is a manufacturer of high quality upholstered furniture, serving both commercial and residential markets throughout the US. The Company has established a solid reputation during its 30+ years of operation and developed long-term affiliations with national furniture distributors.
Key Aspects:
• From 2020 through 2023, the Company’s gross profit margin has averaged 25.8%
• Serve large, national furniture distributors and retailers in both commercial and residential markets
• High level of repeat business, as a result of its long-term customer affiliations
• Diverse, high-quality product mix, generating multiple revenue streams
• Company name has a high degree of recognition and an excellent reputation in the industry
• Seasoned management team in place with decades of industry experience
Opportunities:
• Bring furniture framing in-house
• Offer complementary products to increase revenue streams
• Add additional sales representatives to actively seek out and engage prospective customers
• Pursue uncovered territories
Headquartered:
• North Carolina
Current Markets:
• The Company serves furniture distributors and retailers located throughout the US. The Company also serves end-users in various commercial and institutional industries.
Real Estate:
• The Company operates from a 20,000 square foot facility located in North Carolina. The facility is owned by the shareholder and leased to the Company. The real estate is included in the sale of the business.
Shareholder Ownership:
• The Company is owned by a single shareholder who wants to begin planning for retirement. The majority of the day-to-day operations are handled by the seasoned management team, though the owner is willing to remain with the Company to facilitate a smooth transition to new ownership.
