Catylist ID: #30757190
Custom Furniture Maker and Seller
Undisclosed Address, Michigan
Business Opportunity for Sale
|Catylist Listing ID:||30757190|
|Property Subtypes:||Home and Office Furniture|
|Building Size (RSF):||5,200 SF|
|Name of Establishment:||Contact Broker for Details|
|Year Business Established:||2013|
|Gross Revenue:||$397,000 (Annual)|
|Cash Flow:||$64,864 (Annual)|
|Cash Flow Type:||Sellers Discretionary Earnings|
|Sale Terms:||Cash, New Mortgage, Possible Seller Note (Negotiable)|
Overview / Comments
This established, profitable business was founded by a builder and an interior designer who wanted to build and sell hand-crafted furniture in an environmentally sustainable way. The raw materials used for the wood furniture are salvaged from construction sites, old barns, wooden barrels, and numerous other sources. All of the resulting products divert usable materials from the waste stream.
The company has a fantastic location for its showroom and business is booming! Because each furniture piece is made-to-order, customer can select size modifications, finishes, and hardware for a truly unique piece. This also reduces cost of overhead for finished goods, as pieces ship upon completion. Non-pandemic SDE $95,000, during 2020 SDE was $80,000 due to economic shutdown. Summer 2021 sales are highest ever.
The showroom features not only the custom-made furniture but also trendy and upscale home accents and decor.
The company' channels to market are both wholesale and retail. Wholesale customers include builders, restaurants and bars, and other shops that re-sell. Retail customers include online customers procured through portals like Etsy and the company website, walk-in traffic, and referrals from area interior designers. The business has some contracts for recurring revenue and uses furniture patterns to ensure consistency and quality. This diversification proved to be remarkably valuable during the COVID pandemic - the owners were able to continue doing business through their online portals during the shutdown.
The business does extensive marketing through its online portals and through social media.
The business operates out of a 5200 sf leased facility and employs four independent contractors and one employee in addition to the two owners who are active in the business. Both owners plan to retire upon the sale of the business.
For more information, please request an NDA. Inventory is additional, at cost. Buyer to verify all information.
|Industry Segment:||Home Furniture Retailing|
|Reason for Selling:||Pursuing retirement|
|Value of Inventory Included ($):||$0|
|Value of Furniture, Fixtures, and Equipment ($):||$30,000|
|Real Estate Status:||Leased|
|Value of Real Estate Included ($):||$0|
|Real Estate Lease Description:||5200 sf leased space with frontage on major thoroughfare. Excess parking lot space is sublet to neighboring business for additional cash flow.|
|Employee/Labor Description:||Four independent contractor artisans, one employee|
|Mgmt/Training Support Description:||Sellers will train|
|Competition/Market Description:||Unique designs and finishes delight customers. High craftsmanship and quality. Online sales are booming. This business sells both retail and wholesale.|
|Growth/Expansion Opportunities:||Business model could be scalable by opening additional showrooms and hiring additional independent contractors.|
|Seller Financing Description:||Negotiable. Ask LA for details.|
Kathy L. DeVries, MBAThrive Acquisition CARWM Member
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