20 Year Used Office Furniture Dealer

Louisville, KY (Jefferson County)

20 Year Used Office Furniture Dealer
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Asking Price: Get Financing: $650,000

Cash Flow: $268,000

Gross Revenue: $1,336,000

EBITDA: $268,000

FF&E: $30,000

Inventory: N/A

Real Estate: N/A

Established: 1998

20 Year Used Office Furniture Dealer

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Business Description

Excellent Long-Term Employees

This well – established and independent company, owned by a retirement aged owner with health issues, is an outstanding opportunity for a sales - oriented buyer. Long term (over 70 total years of service) and highly qualified employees allow the seller to be a semi – absentee owner. The company typically sells cubicles, work stations, file cabinets, conference tables, desks, chairs, systems furniture, reception furniture, new office furniture, and used office furniture. Services include furniture liquidation, furniture installation, office design, office relocation, and furniture decommissioning. This business model could be easily replicated in other cities as a means of growth. Seller will train in all aspects of the business and will be available to ensure a smooth transition. The business is offered as an asset purchase, free and clear of debt.

SBA loan qualified
Great online showroom
Very broad customer base
Price includes all tools and equipment
Absolutely no accounts receivable issues
No customer represents more than 10% of sales
Sells only high-quality brand name merchandise
Clean books and records – all numbers are verifiable
Excellent marketing programs including social media

Detailed Information

Real Estate:
Building SF:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
The company operates out of a 15,000 square foot facility which is more than adequate to operate the business successfully and have room to expand.
There are very few competitors the size of this company so buying large lots of used, but very nice furniture, can be easily accomplished which is a very profitable part of their business.
Growth & Expansion:
This business model can be replicated in other cities. In addition, the company has added a new line of imported new furniture which will allow them to become very competitive in the new furniture market.
Support & Training:
Seller will train in all aspects of the business and will be available to ensure a smooth transition.
Reason for Selling:
The seller is of retirement age and has some serious health issues.
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Dan Long

Business Listed By:
Dan Long

Cincinnati Business Brokers

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