For over 100 years, this furniture upholstering and repair company has built a strong reputation for old-world craftsmanship. Considered a recession-proof trade, this business weathered the recent economic downturn with minimal disruption, and has tremendous growth potential. While this is a specialized industry, there are 6 employees in place to manage the work.
Work is split 60/40 between residential and commercial customers, with all stripping, cutting, repairing and upholstering done within the 3,300-sq. ft. building. Occupying the same space for over 70 years, the building includes a showroom, work room and basement for storage.
Included in the purchase is over $35,000 of equipment, from saws, sanders, sewing machinery and office equipment, to a Grumman 5-ton delivery truck and fabric inventory. The seller purchases inventory from mainly 6 vendors for residential fabrics, and works with secondary vendors for commercial supplies.
Areas of growth include adding online fabric sales and hiring an in-house interior designer to help customers choose fabrics. An ambitious buyer could also add furniture and accessories for retail sales, and look to hiring more workers to generate more sales volumes and quicker turnaround time.