Technology Driven Furniture Manufacturer, Great ProfitsListing: #LA04577
About this business for saleTechnology Driven Furniture Manufacturer, Great Profits
With signed backlog exceeding $2 million, this furniture manufacturer is experiencing explosive growth. Sales for 2019 are already expected to reach close to $3 million which would double 2018 sales. 2019 net profits will exceed $700,000. Customers are general contractors, developers, and owners in the commercial space and primarily hospitality such as hotels, motels, and restaurants. Furniture is made for the hotel rooms as well as the hotel lobbies and common areas. Sales breakdown is:
30% - architectural millworks
50% - cabinetry case work
20% - general construction contracting
Sophisticated equipment with cost basis of $1,000,000 employing the latest software advancements is driving the healthy profit margins. With a 13,000 square foot shop and 8,000 square feet fenced yard, this business can continue to handle the expanding sales.
(310) 539-8300 ext. 124
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.