Profitable Niche Wood Furniture Frame Manufacturing (17597)

ManufacturingFor Sale in NC

Listing ID: Profitable Niche Wood Furniture Frame Manufacturing (17597) | Broker Listing ID: BLP296834

Financial & Assets Details

Revenues: $2,113,000

Cash Flow: $325,000

FF&E: $620,000

Inventory: $80,000

Inventory Inc. in Price: Yes

Real Estate: $6,465,250

Square Feet: 15,000+/-

About the Business

Year Established: 1976

Employees: 19 nonunion.

Seller Financing: Yes

Business Description

Operating from its headquarters in North Carolina, this company is a long-standing, high quality manufacturer of wooden upholstery furniture frames for manufacturers and retailers all over the world. The primary product lines consist of custom and stock wooden frames for furniture such as sofas, charis, loveseats, beds, recliners, and other types of furniture. The company operates from a prime manufacturing facility, totaling nearly 15,000 square feet, leased from the ownership of the company. There are significant growth opportunities represented with this company as the company does not operate a website, or sales force, and still maintains very high levels of revenue growth and profits. Since its inception, the company has grown exponentially, with the majority of its revenues coming from repeat business and strategic market capitalization in its industry. The customer base consists primarily of national, and international furniture manufacturers and retailers. They have a proven track record of being able to stay ahead of market trends, new technologies, and changing trends in the types of furniture gaining popularity in the marketplace. With its range of techniques, capabilities, and products, the company’s marketing efforts focus on targeting repeating business utilizing its database of customer information. By providing recurring contracts, the company maintains an even higher presence in the market by being able to capitalize on its customers entire furniture manufacturing demands. In 2019, the company’s total revenue was $2,113,171, with Seller’s Discretionary Earnings of $325,167. The company continues to have strong revenue growth and profits year after year and shows no sign of slowing down. The ownership believes that its quality reputation, service, operational capabilities, and diversity in the marketplace has attributed to their continued success. There are many opportunities presented for new ownership to continue growth with minimal capital infusion.