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Niche MFG Business - On The Coast - Sales Up 18% In 2008 for sale in NC

North Carolina (NC)

Asking Price: Gross: Cash Flow:
$ 395,000 $ 710,000 Undisclosed

Furniture and Fixtures Value:
$ 190,000 (included in the asking price)

Inventory Value:
$ 70,000 (included in the asking price)

Real Estate:
$ 850,000 (not included in the asking price)

Business Summary:
"Niche" Customed Manufacturing, Furniture and Upholstery Business, located on the Coast of North Carolina. Business has a successful "22 year" history, of serving a very stable and consistent market. All furniture pieces are "custom made" to order by hand, and selected from the Company's elaborate Catalog, or from a Client's special request. In addition, and extensive line of different fabrics are available, for re-upholstering of Client's favorite pieces of furniture. Business has developed a network of 16 outside, independent Sales Reps, who have introduced the product line, to over 250 "new" customers. Consequently, this outside staff, have become an instrumental vehicle to expand and grow the business. This business is now poised to be taken to the next level, with the infusion of additional working capital, and expanding the marketing and sales functions of the Company. In addition, the Land and Building are also available for purchase, with an existing tennant in place, in this 28,000 square foot building. A longstanding, very experienced staff, will provide a new owner the opportunity, to focus on expanding the business through his/her efforts dedicated to sales and marketing.

 

   
Year Business was Established: 1987
   
Number of Employees: 11 FT  
   
Facilities / Terms of Lease: 28,000 square foot facility. Recently renovated in 2007. Excellent working conditions, and room for expansion. Seller will entertain selling the Building to qualified Buyer. Appraised value of the Building $850,000 in 2008. Appraisal available for review.  
   
Competition: Only "Niche" Custom Furniture Manufacturer of its kind, in the Region.  
   
Owner willing to train: Owner will provide thorough training, to insure a smooth transition.  
   
Reason for selling: Personal  
   
Seller Reference Number: 09-3005
BusinessMart.com Listing Number: 58529
 

 

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For more info contact:

Jake Holnagel

Action Business Group
910-540-5442

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