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Opportunities

Custom Fitted Furniture Manufacturing for Home & Office

Sold

Buyer would see a 160% return on investment in the first year after debt payments!

CASH FLOW
$206,926

Specifications

  • Price
    $715,000

  • Revenue
    $1,301,879

  • Inventory
    $118,431

  • Location
    Twin Cities Area, Minnesota

  • Service Area
    Primarily local to the Twin Cities and the surrounding areas, some out-of-state customers

  • Equipment
    $195,226

  • Lease
    7,200 sq. ft.: Large showroom, office, conference room, private offices, kitchen, restrooms, large work area for manufacturing and assembly

  • Employees
    10: 3.5 Design and sales; 2 accounting, 4.5 production, assembly, delivery, installation

  • Intangible Assets
    Unique approach to custom-fitted design and sales, well-trained team with expertise in this specialized business, established for over 30 years

Priced at $715,000, a down payment of $71,500 returns $114,726 in the first year after debt payments – a 160% return on investment! With an extremely diverse client base consisting of both residential and commercial customers, this company specializes in custom fitted furniture for schools, healthcare facilities, churches, and corporate offices, as well as residents in the Twin Cities region. There is a well-trained team of 10 already in place that includes designers, sales representatives, and accounting staff, as well as employees who focus on production, assembly, delivery, and installation.  Their mission is to provide the client with individually designed, high quality furniture solutions at a fraction of the cost of custom-made furniture. This dynamic company utilizes in-house engineering and manufacturing as well as outside resources to create beautiful solutions that fit any space perfectly, maximizing storage and functionality. The team successfully altered their process 2020 to include virtual design consultations and they are following all necessary protocols for in-home meetings, deliveries, and installations.

 

The modular furniture system includes components for offices, storage spaces, bedrooms, home entertainment areas, wall beds, closets, and garages.  The owners focus on managing the daily operations including design, sales, ordering, production, marketing, and financial oversight.

 

Operations are managed from their conveniently located headquarters with ample space for the showroom, offices, and work area for manufacturing and assembly.  Continued growth can be found through increased marketing and networking to residential clients who are working from home. With work already in the pipeline and a flexible transition period, this business is ready for the next owner to step in for continued growth and success.   

Income Analysis

Average sales: $6,500 - $7,500 per day

Large projects can value at: $12,000 - $15,000

Deposits: 50% down at the time of order, 50% at the time of completion

Payments accepted: Credit cards, cash

 

Business Highlights

  • Year Established: 1986
  • Location:  Twin Cities Area, Minnesota
  • Service Area:  Primarily local to the Twin Cities and the surrounding areas, some out-of-state customers
  • Services: Custom-fitted furniture for home and office
  • Clients: Commercial (80%): Educational, medical, churches and professional offices; Residential (20%)
  • Lease: 7,200 sq. ft.: Large showroom, office, conference room, private offices, kitchen, restrooms, large work area for manufacturing and assembly
  • Reason for Selling: Retirement planning
  • Personnel: 10: 3.5 Design and sales; 2 accounting, 4.5 production, assembly, delivery, installation
  • Seller Training Period: Seller is willing to remain a part of the team for 6 months – 1 year
  • Growth Opportunities: Network and advertise to residential clients working from home
  • Current Owners’ Responsibilities: General management

Financial Highlights

  • List Price: $715,000 

Gross Sales:

  • 2020: $1,301,879

 Cash Flow:

  • 2020: $188,848
  • 2019: $225,004
  • 2018: $177,156

Clients and Services

Clients:

  • Residential
  • Commercial 

Services

  • Office furniture
    • Desks
    • Storage closets, cubbies
    • Partitions and dividers
    • Reception and service counters
    • Kitchenettes, copy rooms, break rooms
    • ADA accessible
  • Home furniture
    • Office furniture
    • Storage closets, cubbies, dividers
    • Garage storage solutions
    • Bedrooms
    • Wall beds
    • Entertainment centers

Employees

Total Employees: 10

  • 3.5 Design and sales
  • 2 Accounting
  • 4.5 Production, assembly, delivery, installation

Growth Opportunities

  • Network and advertise to build commercial sales
  • Expand service area to have a wide-spread coverage of the entire Twin Cities area
  • Custom closets

Valuation Details

Funding Example

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Click to download NDA form

Print, sign and send to:

210 N 78th St. 2nd Floor
Omaha, NE 68114

Or fax to:

f 402.939.0857

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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.