Southeast Carpet Furnishing Manufacturer - Under LOI

Georgia
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Asking Price:$6,900,000
Gross Revenue:$22,588,000
Rent:$0.15/SF/Month
Established Year:1984
Cash Flow:$2,300,000
Inventory:$3,200,000
FF&E:$550,000
BUSINESS DESCRIPTION

Distinguished manufacturer with 40 years of innovation and excellence in automotive, marine, and specialty textile sectors. Resilient and adaptable, showcasing a notable clientele and a strong commitment to cutting-edge solutions. Robust partnerships with reliable vendors, ensuring consistent product quality and operational efficiency. Impressive 10.7% net revenue CAGR from 2019 to 2023, establishing the Company as a resilient and innovative leader in the Textile Manufacturing Industry.

Operational Excellence – adaptive business model, strategic sourcing approaches, and agile responsiveness.

Strategic Growth Trajectory – remarkable revenue growth achievement from 2019 to 2023.

Certified Excellence and Innovation – IATF 16949 certification holder, committed to excellence, quality assurance, and continuous product improvement.

Global Manufacturing Flexibility – unique ability to manufacture products domestically or globally.

Strong Customer Centrality – adeptness at fostering impactful relationships, deriving substantial revenue from the top five customers in each division.

INVENTORY AND AR/AP CAN BE INCLUDED FOR ADDTIONAL $2,000,000.


DETAILED INFORMATION
Location
Georgia
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
63,000
Lease Expiration
31/12/2024
Employees
55
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Industrial building with warehouse, manufacturing area and offices. Assets include basic machinery for textile. LANDLORD WILL ACCOMADATE NEW LEASE OR CONSIDER A SALE. DETAILS TO BE PROVIDED.
Competition
Competition includes 4-7 manufacturers located in the USA and Mexico. Company has strong market share in Marine and gaining traction in automotive.
Growth & Expansion
Acquire machinery and pull outsourced processes in house. Expand Automotive and Specialty markets.
Financing
Negotiable
Support & Training
Suitable for a smooth transition
Reason for Selling
Retirement
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Chad
Pevey
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Chad Pevey