The Company provides new and like new business furniture along with complementary services to a broad range of customers. Comprehensive services facilitate customer acquisition and retention.
The Company has consistently high repeat sales and there is no customer concentration. The mix of new and used products serves customers changing needs and balances economic cycles. Sales of like-new used furniture have enabled the company to post strong results even in the weakest economic times.
This business is very scalable and has excellent expansion potential The business is rebounding strongly from the pandemic and maintained very good profitability through the pandemic.
Working capital requirements are modest due to favorable billing terms and low fixed costs. The fixed asset base is in great shape so there are negligible capital expenditure requirements for the purchaser.
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