Office Furniture Manufacturer
| Gross Revenue: | $22,172,000 |
| EBITDA: | $6,399,000 |
The Company is an innovative manufacturer and distributor of a distinctive, patented brand of office cubicles and furniture. The Company offers the market’s only panel system that does not require fasteners, tools, or special skills for installation, along with a wide range of complementary office furniture solutions. The Company operates through two divisions: direct sales and a scalable dealer network. Both divisions are supported by a highly optimized, 20-year-old online platform, generating thousands of daily visitors and hundreds of unique leads.
Key Aspects
· Sustainable High Rates of Profitability: As the manufacturer of its
proprietary furniture product line, the Company controls all aspects of
supply, allowing it to maintain substantial profit margins of greater than
50%, compared to the industry standard of 30% to 40%.
· Patents and Intellectual Property: The Company's proprietary products
are designed for easy assembly and exceptional reconfigurable flexibility.
· Established Dealership Network: A well-developed dealership network
provides a ready-made sales channel for existing and future product lines.
· Diverse Customer Base: The Company serves a wide range of industries,
with no single customer contributing more than 1.7% of total revenue in 2023.
· Attractive Financial Performance: The Company has generated impressive
growth historically while simultaneously increasing adjusted EBITDA margin.
Adjusted EBITDA increased at a CAGR of 24.9% from 2020 to 2023 while
adjusted EBITDA margin increased from 9.1% to 28.9% over the same period.
·Financial as of 12/23
REF-BN000054204
