The business specializes in custom furniture manufacturing, upholstery and furniture restoration. The business caters to both commercial and residential customers, with commercial customers gaining a larger share over the past three years.
The business has been in operation for over 20 years and is a well-recognized name in the industry. The business offers its customers a personalized shopping experience. Due to the high quality of the product lines and the business’ second-to-none reputation for customer service, the business has been able to maintain high profit margins. The business has not been significantly impacted by the economic downturn of the past few years, and has had stable revenue and healthy earnings.
The owner’s role is to maintain relations with key commercial customers, represent the business when dealing with suppliers and new commercial customers, oversee operations and manage staff. The owner is not involved in any upholstery, restoration or manufacturing work, for which he relies on experienced employees, most of whom have 15–30 years’ experience in the industry. All employees are well-qualified and are capable of running the business in the owner’s absence.
The equipment of the business consists of a commercial cargo van, furniture manufacturing and upholstering equipment, office furniture, computers, and various retail fixtures. The business carries very little inventory, as all orders are custom and supplies are ordered only when an order is placed.
There are no special licenses or skills needed to operate the business. The seller has agreed to assist the incoming buyer with up to one month of training at no extra cost, to accommodate a smooth transition, and will also be available for consultations afterwards.