Modern Furniture Hardware Distributor Long Established 20+ Years

La Verne, CA

Seller Financing Available

listing image
Asking Price:$299,850
Gross Revenue:$399,544
Rent:$1,200
Cash Flow:$127,233
Inventory:$60,000
Established Year:2003
BUSINESS DESCRIPTION

Sales consist of roughly 65% of online presence and around 35% from furniture manufacturing companies. The business features several products ranging from sofa legs, table legs, and cabinet legs in a variety of
different finishes. The business is profitable and is on track to beat last year’s numbers. It is especially recession resistant to external market factors its 2021 post covid recovery performance was nearly 40% higher than the average years before and after. The business works with three cost effective but highly qualified suppliers with 2 US based and one in China depending on product type and need. Plenty of growth opportunity available. The new operator could expect to expand profits by prospecting additional furniture businesses for supply work. The existing owner will offer a generous onboarding and transition program to help the new operator feel comfortable in running the business. This is a wonderful opportunity in a niche space in the furniture Hardware Supply Industry. Purchase Price includes $10,000 of receivables.


DETAILED INFORMATION
Location
La Verne, CA
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,040
Employees
1
Facilities
1040 SQFT month to month
Financing
$239,880 cash, $59,970 over 2 years 7% equal monthly payments $2685
Support & Training
6 Weeks up to 20 hours per week
Reason for Selling
Retirement
Report an Issue with this listing
profile-img
Eli C.
Azuaje
logo-img
Eli C. Azuaje