Technology Driven Furniture Manufacturer, Great Profits
For Sale in CA
Financial & Assets Details
About the Business
Business Description
With signed backlog exceeding $2 million, this furniture manufacturer is experiencing explosive growth. Sales for 2019 are already expected to reach close to $3 million which would double 2018 sales. 2019 net profits will exceed $700,000. Customers are general contractors, developers, and owners in the commercial space and primarily hospitality such as hotels, motels, and restaurants. Furniture is made for the hotel rooms as well as the hotel lobbies and common areas. Sales breakdown is:
30% - architectural millworks
50% - cabinetry case work
20% - general construction contracting
Sophisticated equipment with cost basis of $1,000,000 employing the latest software advancements is driving the healthy profit margins. With a 13,000 square foot shop and 8,000 square feet fenced yard, this business can continue to handle the expanding sales.
Reason for Selling:
Moving out of state
