Steal This Furniture Repair, Reupholster and Restoration Co. For $135k

Services - Miscellaneous Repair | Services - Other Business Services

Asking Price	$110,000	Inventory	$5,000*
Gross Income	$390,746	Real Estate
Cash Flow	$9,305	Year Established	1979
FF&E	$60,000*	Employees	3 + owner

* included in the asking price

** not included in the asking price

This 30 year old company fell upon hard times starting in 2007. The owner has decided to sell it just for the amount she needs to get out of debt. The customer base has 3,000 customers of which 750 are active during a 12 month period. It would cost you $150,000 to equip a different location with the machinery, tools and equipment, and you would start with no customers. The price is mostly for the intangibles of customer base, reputation, location, age, etc. Fixed asets include: transport van, moving equipment, spray booth, various saws, tools, displat racks, signage, lighting, etc. Working hours are Mon - Fri 9 - 5; Sat 9 - 2.

Facilities: 8,200 Sq. Ft. with showroom and office in front and warehouse in back. Current rent is all inclusive $3,800/mo. Lease expires 12/31/09.

Competition: This business has carved out its own niche.

Growth/Expansion: More direct mail to customer base. Possible use of Constant Contact. Internet advertising.

Financing: $85,000 down with $25,000 balance @ 6% for 10 years with 3 year balloon.

Support/Training: Owner will provide 4 weeks transitional assistance and will stay on if desired for $3,500/mo.

Reason Selling: Undercapitalization.