Upholstery Services & Furniture Repair

NE

Seller Financing Available
Upholstery Services & Furniture Repair
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Asking Price: Get Financing: $190,000

Cash Flow: $94,811

Gross Revenue: $473,179

EBITDA: N/A

FF&E: $26,550

Inventory: $9,000

Lease Rate: N/A /SF

Established: 1900

Upholstery Services & Furniture Repair

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Business Description

Serving customers for over 100 years, this furniture upholstering and repair company has built a strong reputation for old-world craftsmanship. Considered a recession-proof trade, this business weathered the recent economic downturn with minimal disruption, and has tremendous growth potential. There are 6 employees in place to manage the work.
Work is split 60/40 between residential and commercial customers, with all stripping, cutting, repairing and upholstering done within the 3,300-sq. ft. building. The business location includes a showroom, work room and basement for storage.
Included in the purchase is over $35,000 of equipment, from saws, sanders, sewing machinery and office equipment, to a Grumman 5-ton delivery truck and fabric inventory. The seller mainly purchases inventory from 6 vendors for residential fabrics, and works with secondary vendors for commercial supplies.
Areas of growth include adding online fabric sales and hiring an in-house interior designer to help customers choose fabrics. An ambitious buyer could also add furniture and accessories for retail sales, and look to hiring more workers to generate more sales volumes and quicker turnaround time.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,300
Lease Expiration:
N/A
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Building: 3,300 sq. ft. leased at $1,435/month – includes showroom and work room Assets Included in Purchase: $35,550 Equipment: $16,550 – saws, sanders, sewing equipment, office equipment and more Vehicles: $10,000 – Grumman 5-ton delivery truck Intangible Assets: Database, website, trademark, name & reputation, relationships Inventory: $9,000 in fabric inventory *amounts may vary
Growth & Expansion:
Growth Opportunities: Online fabric sales; hire in-house interior designer to work with customers; retail sales of furniture & accessories; increase staff to generate more volume, restaurant services, car restoration
Financing:
15% Seller Financing: $28,500
Support & Training:
90 days of transition
Reason for Selling:
Retirement Planning
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Cortney Sells

Business Listed By:
Cortney Sells

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