Michigan Furniture Manufacturer

Sale Pending

Asking Price$750,000

Cash Flow
$305,462

EBITDA$305,462

Gross Revenue$3,118,213

Inventory$1,000,000
Not included in asking price
FF&E$637,875
Included in asking price
Real EstateNot Disclosed

listing imageSave

Michigan Furniture Manufacturer


Sale Pending

Asking Price$750,000

Cash Flow
$305,462

EBITDA$305,462

Gross Revenue$3,118,213

Inventory$1,000,000
Not included in asking price
FF&E$637,875
Included in asking price
Real EstateNot Disclosed

Business Description
American manufacturing is back! Now is your chance to own a market leading furniture manufacturer in Central Michigan. This company is a leader in the outdoor furniture manufacturing space. There is a skilled management team in place, including a family member willing to stay on as the plant manager. This deal is priced right and the owners are willing to sell the inventory via consignment over a 6 month period. This deal is pre-qualified for SBA funding through Key Bank.

Perspective buyers are required to sign the electronic NDA. These often end up in junk/spam folders. Once the NDA is signed, the broker will forward the CIM with additional information.
About the Business
Years in Operation
45
Number of Employees
30
Facilities & Assets
All assets delivered free and clear to continue cash flowing operations.
Market Outlook / Competition
It's always important to address competition, but this company is the market leader with great distribution channels in place.
Opportunities for Growth
The company will continue to grow via the existing distribution channels. The company recently invested in a website in order to drive online sales, which they feel is the quickest path to growth. They have also partnered on a new product line that will hit the market soon and deliver substantial growth.
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
113,300
About the Sale
Seller Motivation
New Business Opportunity
Transition Support
The owners are willing to adequately train a new buyer. They are open to a longer term contract if that is desired.
Listing Info
ID
2362967
Listing Views
1087

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Drew Allen Indiana Equity Brokers

Listing ID: 2362967 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


Similar Listings