A well-established manufacturer and provider of high-end furniture frames to furniture manufacturers and upholsterers.
· In business for over 45 years
· Revenue breakdown as follows: 50% sofas, 25% loveseats, 10% chairs, 10% ottomans, and 5% misc.
· High quality customer service, including fast deliveries
· Strong reputation in the local market with 90% repeat business
· Long-standing relationships with customers (10-15 years on average)
· Long-term stable workforce with tenures of 10 to 35 years
· Room to grow in current facility
· Expects 15%-20% revenue growth by FY 2015
· Create a company website
· Expansion capabilities
· Develop sales and marketing team
· Continue to launch new designs
· Furniture Manufacturing
· Household Furniture Manufacturing
· Office Furniture Manufacturing
· Wood Product Manufacturing
· Furniture and Home Furnishings Stores
· Private Equity Groups (PEG) and Investment Groups
· North Carolina - Alexander County
Market Currently Served
· North Carolina, primarily Alexander County
· The company operates from an affiliate-owned facility. The improvements consist of one block building of approximately 30,000 sq. ft. and a metal building of approximately 20,000 sq. ft. The property could be included in the sale or rented to new ownership, depending on the deal structure. The owner notes that the buildings are in good condition and there is room for expansion in both.
Shareholder/ Owner Objectives
· Single owner, looking to retire. The owner is prepared to remain with new ownership as a consultant after the sale for a handover period to facilitate a smooth transition.
Asking Price Available On Request
Sales Available On Request
Profit Available On Request
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