Established eCommerce Furniture Company #1463

Mid West

Established eCommerce Furniture Company #1463
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Asking Price: $2,500,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: $465,276

FF&E: N/A

Inventory: N/A

Established: 1994

Established eCommerce Furniture Company #1463

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Business Description

Based in the Midwest, this is an established manufacturer and importer of futons and other home furnishings. The company sells exclusively via an e-commerce drop-shipping model. Profit margin of 13.7% exceeds industry (3.4%), gross profit of 26.2% over a Trailing Twelve Month (TTM) period.

All sales are made to direct retailers such as Target, Wayfair, Amazon, Walmart, Jet and Overstock. The company’s warehouse has a solid track record of providing accurate drop-shipping services on behalf of its online retail partners, and they have a well-earned reputation as a top seller, providing quality and efficiency.

The company offers over 3,000 home furnishing SKUs, in 14 product classes, with a catalog that includes futon frames and mattresses, futon covers, chairs, beds, and end tables. One key differentiator is the range of wood finishes and fabrics available for many products, offering customers more choices and an opportunity to customize their purchase.

This company traces its roots to the 1990’s, when it began as a futon manufacturer and brick-and-mortar retailer. By the mid-2000s, the company had begun transitioning into online sales. In 2008, it transformed itself into a wholesale business and began selling exclusively via online retail partners. Since then, their business model has proven highly successful, and has established a solid footprint on many of the biggest retail sites on the web.

Detailed Information

Employees:
10
Facilities:
28,500 Sq Ft, 2 loading docks with overhead doors.
Competition:
Growing and competitive eCommerce space.
Financing:
Negotiable
Support & Training:
Current owners willing to stay on to ensure a smooth transition
Reason for Selling:
Owner exit/Retirement
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Scott Bushkie, CBI, M&AMI

Business Listed By:
Erica Gilson

CornerStone Business Services Inc.

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