Furniture Wholesaler for Sale in Essex County, NJ - 26780 Business Type: mfg businesses,misc. manufacturing/non-classifiable,misc. wholesale/distribution/non-classifiable,seller financing available,home furniture/ furnishings

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Financial Information (non-confidential)
General Information | |||
---|---|---|---|
Asking Price | $3,400,000 | Down Payment | $2,600,000 |
Gross Revenues | $5,814,200 | Lease Remaining | Register Free to View |
Owner’s Cash Flow | $1,089,400 | Number of FT Employees | Register Free to View |
Financing
$2,600,000 Down and Prime 3% For 60 Months
Business Description
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.
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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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