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- RE: Manufactured Walls For Large Institutions
- Contact: Mark Purtee
Quick Facts
Asking Price: | $950,000 | |
Annual Revenue: | $3,486,483 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $283,271 | |
Total Debt: | Not Disclosed | |
FF&E: | $332,310 | |
Real Estate: | Not Disclosed | |
Year Established: | 2008 | |
Employees: | 27 | |
BBN Listing #: | 945487 | |
Broker Reference #: | 1054-18349 |
Business Overview:
Manufactured walls. This company manufactures and installs custom walls that are cleanly installed in existing commercial spaces. The walls and dividers can support wall-mounted screens, include some glass or be floor to ceiling glass. This is a unique business that provides installation of walls and doors, but because it is classified as furniture, this does not require any contractors' license. As with custom furniture orders, large deposits are paid up-front. The installation crews are all trained W-2 employees. The customers are Fortune 500 companies, government offices, universities and other institutions. With office spaces being reconfigured as companies rethink their office environments, this company offers tremendous customization and flexibility.
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Property Features and Assets:
The business is located in a large warehouse with office space. The offices serve as a showroom, featuring various uses and variations of the product installed and functioning.
Assets = $853,366
Market Competition and Expansion:
There are a few companies that provide these products, primarily large furniture companies. Because this company manufactures their own products and maintains an inventory of all the materials, this company can provide service to their client, even for small repairs and adjustments.
The owners have consciously kept the business to their desired size, and resisted some growth. There are several potential directions for growth; add products and services for existing clients, actively pursue additional clients, and expand geographic area to service.
Reason for Selling:
Reason for Sale is retirement.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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