Specialized Furniture Refurbisher
Asking Price: | $1,150,000 |
Gross Revenue: | $1,025,753 |
FF&E: | $75,000 |
Cash Flow: | $400,833 |
Rent: | $3,884/Month |
Established Year: | 2000 |
This company has been providing furniture renovation service to public buildings for almost 25 years. They refinish, reupholster, repair, and replace specialized furniture. 99% of their business is in California (Sacramento to San Diego), but they have also serviced a handful of facilities across other western states.
The process of renovating the facility begins with an estimate; once the bid is accepted and a contract signed, a start date is scheduled. The furniture is removed, carefully packed and loaded into trailers, and transported back to the workshop. There, it is repaired (as required), sanded, restained, refinished, and reupholstered. They are stored until the scheduled reinstallation date, when they are transported back to the site and reinstalled. This is a very niche industry, and this company's reputation for quality craftsmanship is well-established. In addition to inquiries from their website, they receive referrals from existing clients as well as from staff who switch jobs to other facilities.
The owner is nearing retirement age and is looking to scale back, so it’s time to find a successor for this well-established business. A Buyer can operate “as-is” and enjoy excellent profitability; growth-minded Buyers can market directly to these organizations and grow the client base; current ownership does not do any outreach.
This company ticks all the boxes: it is a well-established, niche, high-margin business that is straightforward to operate and has low competition. If you have refurbishment or renovation experience and are looking to branch out on your own, or if you’re already in the home improvement or construction space and are looking to grow through acquisition, this is the opportunity for you! Reach out to the Agent today!