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Wholesale Branded Office Furniture Distributor
Location: United States -> Minnesota
Industry: Wholesale and Distribution > Wholesale and Distribution




Business Summary

Well established wholesale distributor of high quality imported office furniture. The Midwest-based company operates as a stocking distributor, sourcing its products from an international importer and directly from foreign manufacturers. The company continues to enjoy good growth and attractive margins due to continuous new product introduction, longstanding supply relationships, and a large loyal dealer customer base. Many of the company's over 270 dealers began doing business with the company over 40 years ago.

November 30, 2017 year-end sales were $12,800,000, up from 2016 sales of $12,400,000. FY2017 Adjusted EBITDA was $1,500,000 (after $200,000 owner salary). There are a number of new revenue and profit opportunities available to the new owner.

After 45 years with company, the owner would like to retire following an orderly transition. Three senior managers manage day-to-day operations and are expected to stay on after closing. Company is valued at $4,500,000 PLUS net working capital (excluding cash) of $2,400,000. Contact representative for one-page summary and NDA to receive a copy of the 27-page Marketing Memorandum. Please also advise if you have a current or pending investment in a furniture-related manufacturer or distributor.


Financials

Asking Price Range:  $5.0M - $10.0M
Gross Revenues:   $12,800,000
Cash Flow:   $1,500,000
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  1952
Number of Employees:  10 - 19
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Owner committed to an orderly transition
Reason For Selling:  Retirement




Print Listing Id: 700302771
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Related Searches: Wholesale and Distribution  > 

Also See: Franchise Opportunities > Franchise Resales > Minnesota Businesses For Sale > Minnesota Franchises For Sale > Minnesota Business Brokers



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