Contact: Tim Cunha At 650-600-3751 , 844-237-6487 - Also Email This Contact Below
Asking Price: $449,000 Down Payment: Call / Email
Annual SDC: $125,000
Annual Gross: $950,000
Business Address: None Given City: Sacramento Zip: None Given
Attributes: Broker-Broker Coop, Lifestyle, Training & Support
With a workroom and a retail store, this business manufactures and sells at wholesale and retail custom home decor products These products (and services) include valances, Roman shades, draperies, other window treatments, upholstered headboards and furniture, reupholstering, and fabrics, both standard and custom.
Founded in 1995, the current owner has had the company since 2005.
Annual sales are approximately $1,000,000; however, at mid-year 2021, sales were already over $700,000. That portends annual gross revenues at or about $1.4 million. The owner reports an estimated SDE for 2020 of about $125,000; SDE for 2021 is expected to be significantly higher. The average order backlog is $200,000+/- (orders not started), typically with deposits for half.
There are 14 full-time and 2 part-time employees. Most of the staff have been with the company for many years, with some from the founding of the business 26 years ago. The owner-operator handles over-all company management in general, and, in particular, reviewing estimates and invoices, handling payables and payroll, and marketing.
The business operates from an 8,000 sq. ft. (+/-) leased building, where they have been for 17 years. The current monthly rent is $4,614. They are in the second year of the current 5-year lease. The 8,000 square feet include a 1200 sq. ft. showroom, and manufacturing and inventory space with 4 roll up doors.
The company has 245 wholesale customer accounts and over 6,000 retail customer accounts. Most customers return for multiple purchases with 90% of sales being repeat orders from satisfied customers. There are myriad ways of growing the business. Currently they are open four days per week. A new owner could increase the direct-to-consumer trade by keeping the retail showroom open on Friday, Saturday, and Sunday. Product lines can be added. Additional workers could work in alternating shifts to utilize existing machinery most effectively.
The tangible physical assets include a van, box truck, scissor lift, racks, store fixtures, desks, computers, plus all the manufacturing equipment and tools. The seller estimates the cost to replace everything to be at least in the low two-hundred-thousands.
The owner is open to a training, transition, and consultation period, depending on the needs and wishes of the new owner and the terms of the transaction.
Price & Transaction. The price is $449,000 (subject to negotiation and terms). The business is offered as a sale of all the tangible/physical assets of the company, plus the intangible property, including the highly-valuable business name, logo, websites, phone numbers, customer data, etc. It does not include accounts receivable, cash on hand, and facility rent deposits; inventory is included in the sale, but the approximately $150,000+ of inventory would be in addition as negotiated by the parties. Work-in-process would be pro-rated. The seller will be responsible for all accounts payable through the date of closing. The current owner would be open to a training & transition phase to facilitate a smooth transfer to new ownership.
Exclusive Broker: Tim Cunha DRE#01919755.
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of appropriate qualified professionals prior to purchasing the Business.
To get more information about this Custom Home Decor Products Manufacturing, Sales business for sale in
Sacramento please phone Tim Cunha (Intermediary, Broker - BRE License #:DRE#01919755) at 650-600-3751 and 844-237-6487 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #269421 on BizBen.com. In addition to phoning
Tim Cunha, make sure you email Tim Cunha above to get more info about this
Custom Home Decor Products Manufacturing, Sales, to ask any questions or request an appointment to see this
business for sale. Thank you. License # 01919755. EvergreenGold Business Broker.