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Business for Sale

Furniture Wholesaler for Sale in Essex County, NJ
Essex County, NJ

Listing #26780

   
Financial Information (non-confidential)
Asking Price $3,400,000.00 Gross Revenues $5,814,200.00
Down Payment $2,600,000.00 Owner’s Cash Flow $1,089,400.00

Financing: $2,600,000.00 Down and Prime 3% For 60 Months

Reason for Selling:Family/Other Business Interests

Commercial furniture manufacturing to the hospitality, restaurant, night club and other commercial markets. Business is now generating over 30% return on gross profits. US manufacturing in North America is key to the success of this business model. This company concentrates exclusively on servicing hospitality and restaurant accounts either direct or through designers/agents. The finish manufacturing business model results in high profit margins, shorter sale cycles, larger orders (due to the ability to offer custom design) and lower cost of sales. This is a unique business model in the industry with a unique selling proposition. Comprehensive and inclusive business model includes operational management, manufacturing fulfillment, and well known, nationally branded clientele. Business model is producing stellar financial success, year after year with three-year results demonstrating triple-digit growth in financials. Supportive and strong cash flow. Sellers are committed to sale and transition. Well documents financials are available, and the Business is run semi absentee. Sellers are requesting a complete sale of business. Operational partner will stay on for one-year transition (at current salary/benefits). CEO will stay on for six months ( at current salary/benefits).Financials available to Premium members with proof of funds/funding and refundable 5k deposit. Please call the broker for further information at 1-877-735-5224

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. kg
Lee Jani
Senior Business Broker
732-233-8287
ljani@vestedbb.com
Servicing Area:
Ocean County, NJ
Monmouth County, NJ
Middlesex County, NJ
Union County, NJ
Mercer County, NJ
Essex County, NJ
Atlantic County, NJ
Somerset County, NJ
Lee Jani

Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.

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