Listing Number: 6953-440498
Description
This business owner has created a blend of profits and artistry with their rustic furniture business. At one time he focused on custom orders and storefronts but now primarily utilizes the premier online retailers in rustic/log pieces for selling the many different designs of bedroom, bathroom, and dining furniture. The owner will often handpick wood from the Colorado forest to ensure the final product has the appropriate Paul Bunyan effect clients have come to expect.
While the owner started the company as the primary carpenter, he now employs a small team for building, sanding and painting – all aspects of the business. The owner has decided it’s the right time to turn his self managed crew over to a qualified buyer so he can focus on his next project. A new owner can consider diversify the product line into other styles, focusing on higher margin custom orders, or opening a retail location. Retail price for a bed frame may be $2400 or marked up 100% from the whole sale cost.
The seller owns the current shop and will lease back to the business if desired. The owner will be available for training the buyer and is committed to a smooth transition. For qualified individuals, the seller would consider financing up to 20% of the purchase price. The seller has other interests to pursue outside of furniture making
Key facts:
+ Includes $80,000 in wood and metal working equipment
+ Owner is not integral to daily operations, but will be available for training new buyer
+ Provider of various rustic collections found on key online marketplaces
Growth Opportunities:
+ Open local retail center
+ Custom orders
+Diversify product line with high margin-high quality items (ie tables, dining pieces)
Listing Details
- Price: $700,000
- Down Payment: $560,000
- Sellers Discretionary Earnings: $228,000
- Total Sales: $715,000
- Location: Tulsa County, Oklahoma
- Inventory: $15,000
- FF&E: $80,000
- Employees: 4
- Year Established: 2014
- Reason for Selling: Other Interests
- Category: Manufacturing
