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Finance And Services:

Business For Sale. Design & Contract Furniture Company Serving Human Services And Healthcare Industry Northeast

LISTING DETAILS
Firms For Sale ID:
34685
Vendor reference:
SB 20115
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
Undisclosed
Furniture, fixtures and fittings included.
Turnover / revenue:
$7,100,000
Net profit / cashflow:
$985,000
Years established:
24
Number of employees:
12
Business website:

OTHER DETAILS
Reason for selling:
Succession planning
Financing available:
Owners will consider some financing.
Support and training:
Sellers will transition and train as needed per buyers needs.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
The Company is a premier designer and supplier of contract furniture to public sector and nonprofit customers. Specialists in meeting the furniture and space planning needs of institutional facilities, the Company has built and outstanding reputation in these industries. In addition to supplying furniture, the Company offers a range of design services, including computer generated layouts and renderings to assist clients with visualizing the finished project.
A holder of multiple exclusive contracts and endorsements, the Company is a preferred vendor for multiple network associations and state contracts.These preferred vendor designations are difficult to acquire and represent a significant driver of repeat business going forward.
On average, the number of active customers on an annual basis is 185. About 90% of the Company's customers are nonprofits operating in urban or suburban locations.
The Company has been in operation for more than 24 years and is continuing to expand and grow.

Expansion Potential
Marketing opportunity in the area currently served and expansion to new areas.