Profitable Retro Restaurant Furniture Mfg. & Equipment Refurbishing

WV (Relocatable)

Seller Financing Available
Profitable Retro Restaurant Furniture Mfg. & Equipment Refurbishing
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Asking Price: $499,000

Cash Flow: $108,575

Gross Revenue: $1,113,297

EBITDA: $85,869

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1999

Profitable Retro Restaurant Furniture Mfg. & Equipment Refurbishing

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Business Description

The business is on track to achieve more than $1,600,00 in revenue in 2019, a 51% increase over 2018, and $179,000 in Cash Flow, a 66% increase over 2018!!

Ownership is seeking to retire and believes a new owner will be able to capitalize on the growth opportunities that exist within the Company, which easily grosses over $1,000,000 and cash flow of $100,000 per year, with virtually ZERO sales and marketing efforts.

Here is how far just a little effort will go: in 2019, the owners have spent just $1,000 per month on Google Ad Words. This has resulted in a YTD increase in top-line revenue of 51% and a YTD increase in Net Profit of 66%.

The owner’s faith in the future under a new owner is proven in the fact they are offering SELLER FINANCING OF 60% OF THE PURCHASE!!!

Project Classic supplies classic, retro diner furniture and restores & sells old-time juke boxes, soda pop machines, kiddie rides, gas pumps, and popcorn machines.

Sales are internet and telephone based, and the business processes are transferable, so the company can be relocated ANYWHERE!!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
6,000
Employees:
6
Facilities:
The Company operates two separate facilities. There is a 4,000 square foot retail store that also houses the main office and a 2,000 square foot facility where restoration jobs are performed. The owner of Classic controls this real estate and is open to negotiation with a buyer of the business who may also want to own one or both properties.
Financing:
$299,000
Support & Training:
The seller is open to providing training and transition under mutually agreed upon terms.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Jim Cohen

Business Listed By:
Jim Cohen

Madison Street Capital

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Sponsoring Broker:
Steven Richards

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