Wooden Mattress Foundation Manufacturer

GA

MAN1359
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $3,905,000

EBITDA: $433,000

FF&E: N/A

Inventory: N/A

Established: N/A

Wooden Mattress Foundation Manufacturer

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Business Description

The business manufactures mattress foundations and sells related products including lumber, beams, and plastic bags to mattress manufacturers located in the Southeast, US. The company works with manufacturers to assemble the bed frames to given specifications and then ships the frames either assembled, or in components that are then assembled by the customer at their site.

Key aspects
•Exclusive supplier for the majority of customers
•High volume of recurring sales
•Differentiators include on-hand supply of products, ability to customize, and trusted delivery schedules
•Ability to cut own components in-house
•Operating history spans over 25 years
•High-margin foundation sales comprise the majority of revenue
•Two assembly locations
•Plant managers handle day-to-day sales and production activities

Opportunities
•Hire additional sales representatives
•Expand geographic network and client base
•Continue to expand product offerings
•Option to add second and third operating shifts

Headquartered
•Georgia

Current markets
•Primary states served are Georgia and North Carolina

Potential market
•Southeast

Real estate
•The company operates from two facilities, which have production, office, and warehouse space. One facility sits on 10 acres, is 30,600 sq. ft., and is owned by an affiliated-entity. The owner will entertain either selling the facility or a long-term lease. The smaller facility is 16,000 sq. ft. and is owned by an unrelated third party.

Shareholder/owner objectives
•The owner purchased the company with the intent to implement improvements and then exit. He is looking to sell the company to pursue new business opportunities in other industries and have more time for leisure. He has successfully diversified revenues and
maintained growth of the business and believes now is the appropriate time to explore exit options because of market conditions.

Attached Documents


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David Steverson

Business Listed By:
David Steverson

Benchmark International

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Sponsoring Broker:
Emily Cogley

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