The business provides furniture refinishing, upholstery, and a retail furniture division.
The company has a broad base of clients with a number being generational families.
Has been in business 45 years- owner looking to retire.
The company provides two core offerings- furniture refinishing, painting, and upholstery (65%) and retail (35%)
Retail supply is high-quality Mennonite-made.
Revenue and cash flow is consistent and stable. One employee.
Upholstery for the most part is sub-contracted at 30-40% margins.
Repeats, referrals, and website generate business.
Growth potential includes creating a “Home Division” to provide in-home repairs (insurance/movers/retailers) and kitchen cabinet and railways/staircase painting.
Included in the asking price is approx. $15,000 in capital equipment (UCC) and $30,000 in inventory. FMV of capital equipment is higher.
Revenue of approx. $260,000 and normalized cash flow of $115,000
The seller owns building and can provide a lease- complete flexibility if buyer wanted to consolidate operation into their facility as well.
Full transitional assistance included. Business skills are transferable.
Ideal opportunity for an owner operator, a competitor, or furniture-related business looking for an accretive acquisition. Entirely turnkey. Asset Sale