Well Established Furniture Manufacturer For Sale
South Carolina
Sale Pending
| Asking Price: | $700,000 |
| Gross Revenue: | $1,646,277 |
| FF&E: | $12,000 |
| Cash Flow: | $256,768 |
| Inventory: | $64,000 |
Listing ID: 2263761Listing provided by BizBuySell
BUSINESS DESCRIPTION
Excellent opportunity to own or acquire a commercial furniture manufacturer/supplier based in Coastal SC. The business mainly supplies industrial customers with seaside-themed furniture that is durable enough for vacation rental properties. The owners manage day-to-day operations and maintain relationships with hundreds of clients.
DETAILED INFORMATION
Location
South Carolina
Inventory
Included in asking price
Real Estate
Leased
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business operates from an industrial building to manufacture its products and has a showroom. This is ideally located close to the coast, which gives their customers easy access. The facilities are for sale for $1,675,000.
Competition
The business is well-established in the community with a broad customer base. Their seaside theme, easy access, and quick turnaround time leave them with little direct competition in their niche.
Growth & Expansion
The business could easily expand its online presence and direct mail advertising for its showroom. Expanding throughout the southeast is an option to increase their customer base.
Financing
$150K down/$70K over 120 mos. @ 7%/Other Financing.
Support & Training
Will train for 4 weeks @ $0 cost.
Reason for Selling
The owners are selling the business to pursue other interests.
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