"Riches in the Niches" Lucrative-Low risk--$938k net--SBA ready
Asking Price: | $2,000,000 |
Gross Revenue: | $2,494,714 |
FF&E: | $41,000 |
Cash Flow: | $938,413 |
Rent: | $8,800/Month |
Established Year: | 2014 |
"Riches in the Niches"--Low Risk--$938k net, SBA pre-qualified
Note: qualified principals only--no 'searchfunders' or similar entities. Personal 'Proof of Funds' statements required from all potential buyers. No "non-binding" offers.
---A lucrative business that fabricates custom-made home & commercial furniture and draperies. Serves a huge market. No retail or showroom sales. Orders and designs come directly from interior designers, decorators, architects and builders. Each piece of furniture is custom-made per customer specs which generally aren't available through retail vendors. The company does little or no advertising or marketing. This is an interior design 'workroom' which fabricates custom home furniture such as sofas, chairs, fancy headboards, upscale outdoor furniture, custom draperies, electric window shades and many other products.
--- A lucrative, fast-growing business
--- 'Made in USA' furniture & draperies
--- No inventory investment required
--- No design skills required, company does fabrication only
--- No tariff, shipping, or supply chain issues
--- No large CAPEX investments required
--- Enjoys a stellar reputation in their space
--- Detailed, accountant-prepared financials
--- Outstanding profit margins
--- Multiple revenue streams--the company fabricates custom upholstered furnishings and draperies. Also a leading local dealer for electric window shades and hardware.
--- 10 year operating history
--- The business does almost no advertising.
--- No heavy marketing costs
--- Majority of customers are direct referrals from interior designers, decorators, architects and builders. Also strong word-of-mouth referrals from customers.
---No significant customer concentration issues.
--- The 2024 year to date (Jan-Oct)seller-provided financial statements show seller's net of $938,413 (10 months!) from revenues of $2,494,724 (a 37.6% pretax profit margin), which includes one pro-forma manager's salary expense of $80,000/year.
--- Well-staffed with 18 skilled, loyal employees, including sales, office, admin, & fabrication personnel. Currently operates with 2 working owners. One owner performs sales calls & office supervision, the other partner supervises warehouse & shop operations. A total of 20 personnel including owners.
2024 revenues and earnings represent a significant increase from 2023 when the business netted $479,000 to the owners for the year. Pre-qualified for SBA loan (buyer must have good credit)! Several revenue streams--the company fabricates custom upholstered furnishings and draperies. Also a leading local dealer for electric window shades. Serves a customer base which includes interior designers, architects, builders, commercial customers, hospitality, and homeowners--with no significant concentration issues. And almost no direct local competition. 10 years in business with consistent growth. The owners will offer full training to a new owner. Efficient overhead, streamlined systems in place. Their custom fabrication ability gives the customer a high degree of satisfaction, with many repeat clients. They also have a quick delivery process--a few weeks--compared to 6-9 months with many retail showrooms. This business has very detailed accountant-prepared financial records which will make the buyer's due diligence easy. All sales easily verifiable. More people are moving to Las Vegas than any city in the US. Contact Michael Cash, Benchmark Business Advisors, Las Vegas, NV.
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