Established 40+ years ago, the Company is an award-winning manufacturer and supplier of custom furniture products for well-known furniture producers. The Company’s products are used primarily in the Healthcare and Office Furniture industries. The Company employs a tenured management team who oversees day-to-day functions within the Business.
The Company is a Tier 1 finished goods supplier to three of the top five office furniture OEMs in the United States. It primarily produces high-pressure laminate wood panels and solid surface fabrications such as countertops, wall panels, free-standing tables, and seating components. The dual capability of laminate and solid surface allows a consolidated supply chain for its customers. The Company’s main focus is on manufacturing products its customers are unable or unwilling to produce themselves, and its focus on these niches has ensured the longevity of customer relationships due to their reliance on the Company.
The Company’s products are used in approximately 50% healthcare facilities and 50% office settings. The components it manufactures are used in products, including nursing stations, patient rooms, waiting room seating, urgent care facilities, commercial cabinetry, point-of-purchase displays, store fixtures, showroom and product displays, and educational furniture.
The Company operates out of an approximately 40,000-square-foot facility with an estimated value of $2,200,000. Ownership is open to discussions surrounding the sale or lease of the facility. Current ownership is willing and able to provide reasonable and customary transition assistance following the completion of a transaction.
December 31, 2021 Revenue: $5,920,114
December 31, 2021 Cash Flow: $826,217 (Adjusted EBITDA)
Estimated Real Estate Value: $2,200,000
Number of Employees: 28
Facilities: 40,000 square feet broken up between office and shop space. The facility is in good condition.
Support/Training: Ownership is willing and able to provide reasonable and customary transition assistance following the completion of a transaction.
Reasons for Selling: Ownership would like to transition out of ownership to spend additional time with family and other passions.
(1) Highly Skilled and Experienced Workforce
(2) Investment in Technology
(3) Blue Chip Customer Base
(1) Return to Office Trend
(2) Expansion of Sub-Division
(3) Sales to Untapped Markets
(4) Available Production Capacities
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Upon doing so you will receive a link via email to review and sign our confidentiality agreement. Once signed we will be able to further the conversation and send you the confidential Offering Documents. Please contact [email protected] with any questions. Interested parties must demonstrate proof of financial capability, sign a Non-Disclosure Agreement, and answer a few questions related to their background and interests. Enquire today about this Award Winning Furniture Component Manufacturer for sale!