40 Year High end Custom Furniture Manufacturer Seeks New OwnerListing: #LA04760
About this Business for sale in Los Angeles County40 Year High end Custom Furniture Manufacturer Seeks New Owner
Retiring owner of 40 year, successful, custom high-end furniture design and manufacturing business in Los Angeles (that started as a family business in 1940 abroad) has sold the building and needs to move out.
Prominent 6 figure installations with clients like The Beverly Hills Hotels, Mayor of Los Angeles’ office, numerous country clubs, with high-end restaurant chair orders and countless luxury residences nationwide through interior designers, Hospitality Purchasing companies and Senior Living. Team of seasoned craftsmen, loyal client base, and existing catalogs and websites are available.
Since their building has been sold, the ideal buyer is an enthusiastic owner-operator, with a facility, already manufacturing furniture that can benefit by “bolting on” this existing company with its recognized name in the industry, allowing for an expanded product line that now includes a high-end designer clientele.
This buyer would have sales and marketing experience or industry experience with an eye on boosting overall growth and expansion, as a result of reaching the high-end market. Includes $100k in inventory. Owner eager to sell at this low price because of the sale of building and close move-out date. Note: Owner and some staff are willing to stay on to help in successful transition.
(310) 539-8300 ext. 231
*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.