Profile: Well Known Service Company With Consistent Sales & Earnings.
|
Ad/Listing Information
|
|
 |
|
|
|
| Financial Information |
Detailed Information |
|
| Asking Price: |
$795,000 |
| Down Payment: |
$150,000 |
| Annual Revenue: |
$1,778,694 |
| Annual Adjusted Net: |
$310,721 |
| Price Range: |
$500,001 to $1 Million |
|
| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Yes |
|
|
|
Description:
|
This Is One Of The Oldest, Most Widely Known And Well-Respected Companies In The Bay Area. The Company Has Two Shop Floors Used For Furniture Reupholstery And Refinishing, As Well As Light Manufacturing. Projects Range From A Single Chair Or Sofa In A Persons Home, To Reupholstery Of All The Commerical Office Furniture At A Corporate Site, Or All Of The Furniture In The Guest Rooms Or Lobby Of A Luxury Hotel. At Any Given Time, The Company Has Several Hotel Jobs In Progress. This Is Not A Mom-And-Pop. There Are 15 Full-Time Employees, Including An Outside Sales Rep, Two Truck Drivers, Two Production Managers (Shop Foremen), Three Seamstresses, And Six Upholsterers. The Foremen Each Have 20 Years Experience With The Company. The Company Leases 10,000 Sq. Ft. Of Office And Shop Floor Space For Only About 4,000 A Month On A Below-Market, Long-Term Lease.
The Company Has Enjoyed Extremely Steady Sales Of Between 1.5M And 2.0M For Many Years Despite Very Little Marketing, And No Cold Calling. Its Approach To Sales Is Almost Entirely Reactive, Following Up On Inquiries That Come From Local Advertising And Its Website. Business Also Comes As Referrals From Existing Clients And Local Companies That Serve Closely Related Segments Of The Furniture Industry. Major Projects Come From Longstanding Relationships With Architectural And Interior Design Firms, Facilities Managers, Office Furniture Dealers, And The Purchasing Companies Or Independent Designers Used By Hotels.
The Owner Of The Company Says That Significant Growth, To Annual Revenues Of 3 Million Or More, Could Be Achieved By Using One Or More Of Several Strategies, Which Include Hiring An Outside, Commissioned Salesperson To Aggressively Pursue New Business From Hospitality And Commercial Clients In San Mateo And Santa Clara Counties, Where The Company Has Almost No Market Penetration. The Company Also Has A Compelling "Green" Story To Tell.
|
|
