Business Summary:
This is an excellent opportunity to purchase a profitable woodworking business and trusted brand name for the cost of the assets alone. A specialty product line includes custom-designed doors and windows, finely crafted office furnishings, shelving, coffee tables and bedroom / dining room sets. Established in downtown Santa Barbara since 1989, this shop enjoys a stable insulation from the recent economy, with the majority of orders from local hotels and wealthy residents in the Montecito area. Price includes all hard assets, office equipment, and $75,000 in accounts receivable. Employees are capable of fulfilling all product orders. Owner currently works in a quality-control capacity, and will provide full training to a new Buyer.
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| Year
Business was Established: 1989 |
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| Number of Employees:
7 |
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| Facilities / Terms of Lease:
Fully furnished woodworking shop in downtown Santa Barbara. Includes all equipment necessary to operate the business, with a shop Jet Fabric dust collector and duct work, CNC machine, planers, table saws and lathes. A separate reception area and additional office space are also on-site. |
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| Potential
Growth/Expansion:
Commercial accounts are highly desireable in this industry, and the best avenue to stimulate rapid growth of the business. As part of the contracted training period, the owner will provide several avenues to increase annual revenues and take the business to the next level. |
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| Competition:
While other manufacturers of fine furniture are available throughout the country, the artistry and hand-crafted designs of this business distinguish it from the competition, and make it the first choice among knowledgeable and affluent buyers. |
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| Owner
willing to finance:
Owner would prefer an all cash transaction - limited financing is available. |
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| Owner
willing to train:
Employees are fully trained and capable of fulfilling all product orders. Owner will provide training for up to 30 days after close of escrow, and available on a consultant basis for a period of one year after the sale. |
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| Reason for selling:
Owner is pursuing other opportunities outside of the country. |
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Seller Reference Number: 050805
BusinessMart.com Listing Number: 41643 |
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