furniture restoration ,upholstery& fabrics

Covington, LA (Saint Tammany County)

furniture restoration ,upholstery& fabrics

Asking Price:$190,000

Cash Flow:$40,000

Gross Revenue:$450,000

EBITDA:N/A

FF&E:$40,000

Inventory:$10,000

Real Estate:$300,000*

Established:1993

*not included in asking price.

furniture restoration ,upholstery& fabrics

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Business Description

Furniture restoration upholstery shop, fabric shop, refinishing shop

Asking price greatly reduced for quick sale.Hey! all you young business people. What are you waiting for. Why wait to build a 22 year business that's number one when I've already done it. Walk in and start answering the phone as your own boss.This furniture restoration business founded in 1993 has dominated the new Orleans northshore and surrounding cities both residential and commercial. A one stop shop that refinishes, repairs, upholsters, fabricates, and has the largest fabric selection in the area. Client sources commercially are designers, decorators, insurance claims, hotels, hospitals, restaurants, movie sets, antique dealers, offices. Residential clients include family pieces, Angie list referrals, referrals from past customers 50 plus phone calls daily. New buyer can walk in and start answering phones and start immediately dealing with customers. This business has been operated by the owners since opening the doors in 1993. This business can be purchased and relocated , purchased and lease the building , or purchase both the business and building. Purchase price for the upholstery shop, fabric shop and refinishing shop together is $190,000.. purchase price with the building is $490000. Each of the shops may be purchased individually. The refinishing shop is $60,000. The upholstery shop is $100,000. The fabric shop is $30,000. As of August 3.2015 all upholstery personnel are leasing spaces here at the facility and are now vendors. The shop has retained three employees full time, two seamstresses and one upholstery helper. Backlog is approximately two months.. Currently $200000. of contract and receivables on the books. This business also comes with $40,000.00 of equipment. A great package deal. This year is already booking up. If you are considering moving to the New Orleans area and have experience in this type of business, then the time to act is NOW. If you live in the New Orleans area or on the Northshore and you want a business that stands alone in the furniture restoration business, call now. Been downsized and always wanted to work for yourself, now is the time to walk in and get started.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
5,000
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Facilities include all tools, operating equipment ( upholstery, finishing, computers, vehicles , four work buildings and a fabric shop. It also has three 18 wheelers for storage. Selling price will include all customer receivables and working relationships. Please note the work buildings, fabric shop, and the 18 wheeler storages are included with building purchase only.
Competition:
business is located in a high income area with population growth about 100000 people in the last ten years and climbing. There is no competition as this business is the number one shop. market share has steadily increased in the greater New Orleans and surrounding areas including out of state.
Growth & Expansion:
this business needs more younger owners who want to bring twice the income by only accepting the available work. The company now works with one full time and one part time person in the finishing shop. The original number of employees reduced from 36 because of too heavy workload. Upholsterers are now vendor labor leasing from the company 4 full time.
Support & Training:
owners will work with new owners until they are comfortable with the operations or 1-2 months
Reason for Selling:
Both owners have health issues and want to retire. old age and cancer diagnosis
Business Website:
http://www.bayouinteriors.com

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Business Listed By:
ERIC HATTEBERG

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