Premier Furniture Restoration/Refinishing

IL (Relocatable)

Seller Financing Available
Premier Furniture Restoration/Refinishing
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Asking Price: $375,000

Cash Flow: $85,000

Gross Revenue: $265,000

EBITDA: N/A

FF&E: $100,000

Inventory: $5,000

Real Estate: $170,000

Established: 1972

Premier Furniture Restoration/Refinishing

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Business Description

DRASTIC PRICE REDUCTION....Owners want to retire....SOON..This 40 year young furniture restoration business has provided central Illinois with the highest quality restoration and repair since day 1. The business has repaired and restored new and antique furniture with first class results. Refinishing, veneer repair, general repair and first class finishing is goal number 1. Sales have increased 8-10%/year and should exceed this modest increase this year by even a higher amount. Nationwide moving companies, insurance companies, antique dealers and private owners have depended on this high quality restoration and repair service. This company has rightfully EARNED the excellent reputation over the 35 years in operation.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
8,000
Employees:
5 ft
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The current facility is centrally located in Peoria Illinois. The current 8000 ft sq facility has room for expansion to include caining and upholstering. Currently leasing.....at a very reasonable rate....and the facility is for sale as well to the buyer of the business only!.
Competition:
There is NO major competitor within 150 miles! The current centrally located facility has excellent exposure from 2 major city streets w/more than 25,000 cars/day on each street.
Growth & Expansion:
The current owners planned to expand into upholstery and new unfinished furniture to increase sales and revenue. Existing product lines and partnerships have been identified.
Financing:
Owners will consider...SBA very probable!
Support & Training:
Owners will train and work part-time to support the new owners.
Reason for Selling:
Health and early retirement
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(from currently available funds)
 
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David Etnier

Business Listed By:
David Etnier

Central Illinois Business Brokers

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