773.243.1603
773.243.1603
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Listing ID:3N960

Sold – Manufacturer of High End Upholstered Furniture

Sold

The business manufactures custom, upholstered furniture commissioned by interior designers for their customers’ homes. Designers supply drawings and specifications in order to produce the fabrication drawings.

The business does no advertising as all business comes in from repeat customers or from referrals from past customers.  The ultimate customer is a home owner who most likely lives in a custom-designed home who wants custom furniture to complete their vision. The business has a group of experienced craftspeople under the direction of a shop supervisor. New owners would focus on growing the business through targeted marketing to the designer community.

The business is pre-qualified for bank financing.

Transcation Details

  • Location

    USA, Chicago, Illinois

  • Results

    70 Inquiries
    22 Showing
    6 1/2 Months to Sell

  • ESTABLISHED IN

  • Real estate Included

  • Full-Time Employees

  • Franchise

  • Industry

    Manufacturing

  • Reason for Selling

  • Inventory Included

  • Part-Time Employees

  • Business

    Sold – Manufacturer of High End Upholstered Furniture

  • Acquirer

    Investor

  • Annual Revenue

    $1,350,890

  • Annual Cash Flow

    $297,453

  • Seller Financing

  • SBA Financing

  • Listing Price

    $560,000

  • Acquisition Highlights

    – High quality manufacturing business
    – Eighteen years in business
    – Strong base of repeat customers
    – Add outbound marketing function targeting designers
    – Actively solicit more referrals from current customers

Domenic Rinaldi, CBI