Wholesale & Retail Furniture Manufacturer For Sale

Business description

Long established commercial/residential wholesale/retail furniture manufacturer , the business started in 1950, major acquisitions have been made to expand the business. Current owners bought 4 more businesses to gain territory and key accounts. The company has been located in its current northeast Suffolk County, New York location for 2 years, operating with five phone numbers and one 888 number. Conveniently located in a industrial center. The manufacturing facility is well stocked with the best machines, equipment and designed showroom. Total value of assets is well over 450K, equipment and important telephone numbers, NON COMPETES and website. They have this business setup for M-Th. – 10 hours days, deliveries on Friday, included in the sale is a 2003 15’ box truck- 18k miles, 2000 Dodge Van Lettered. Business can be expanded instantly. The facility is 3,100 square feet. The factory has a loading area (no dock), with fork lift. 2FT employees plus owner generate 622K in sales, NETS $209,000, fully documented and justified by tax returns making this business 100% financeable for qualified purchasers. . Add a administrative assistant, street sales team and this business can easily be brought to the next level. NON COMPTETES in place. This is a landmark for furniture manufacturing offering the best products and service. Heavily involved in custom residential, medical labs, hospitals, treatment centers and so many more industries. They specialize in MICA THERMOFOIL and MELAMINE FURNITURE. This business needs direction and a creative hand. Office is approximately 430 square feet, air conditioned, and fully wired for 3-computer work stations, top of the line servers and phone systems. Equipment the factory is fully equipped with a wide range of equipment and tools. (list available upon request) Service the Tri-State area, for the right job you can go out of your realm. The wholesale side generates 65% of the Gross Sales, this would be a major creative expansion for an existing manufacturer with key phone numbers!

Property information

Real Estate:

Lease

Lease terms:

Rent is $2000 per month with 24 months remaining and an option to renew.

Location:

Conveniently located in a industrial center.

Other information

Expansion potential:

This business need a creative twist for acquiring new clients. Business never focused on advertising,they were working off a strong referral base. Expand hours, chase the bigger accounts. This is already a solid reliable infrastructure.

Support & training:

1-3 Months

Reasons for selling:

New Business Venture

Trading hours:

M-Th. – 10 hours days, deliveries on Friday,

Financing available:

No

Furniture / Fixtures value:

$400,000 (included in the asking price)

Inventory / Stock value:

$100,000