Active
Large-Scale Furniture & Component MFG in North Carolina! (38028)
Found in a desirable area of North Carolina, this manufacturer focuses small-large scale production of high-end wood furniture & components for furniture manufacturing companies.
Opportunity includes plan drawings, trademarks, copyrights and trade secrets!
Products include Chairs and bases, tables, case-goods and more.
Established client network!
Projections of $1.5 Million for 2024; 2023 Revenues reached $1,509,429 holding Discretionary Earnings of $195,059.
Subject to appraisal, spacious production facility of 22,000 square feet is in fantastic condition, features office area, storage room, and a large manufacturing space dedicated to recurring projects.
The owner has maintained company size due to preference. Active as a PT office manager, business could be transitioned to absentee after a standard transitioning period.
Opportunities to maximize outreach: launch website, constant contact email campaigns, aggressive marketing programs and increased direct sales efforts.
As Lumber & Plywood inventory varies per job, inventory and accounts receivable are open for negotiation at time of sale.
Listed By: Larry Anderson
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Background information
Seller Number:
38028
Year established:
2000
Reason selling:
Approaching retirement and/or pursuing other interests.
Finance
Sales:
$1,509,429
Profits:
$195,059
Profit type:
Discretionary Earnings
Operations
Employees:
17 nonunion.
Equipment:
$385,000, current Receivables of $130K,
Inventory:
Varied by project.
Premises
Facility:
Property marketed for $1.3 Million is available for Lease or separate purchase.
Square footage:
22,000+/-
Location:
Listing also includes site Improvements valued for $100K.
Opportunities
Market:
Referral Sources.
Price and terms
Price:
$490,000
Financing:
Standard SBA-term financing will be negotiable for qualified buyers.
Owner Transition:
Business size is kept out of preference with a part time manager, to allow absentee ownership after a standard acclimation period.