- A profitable Custom Furniture Business established over 35 years ago with a highly recognized name
- The company recorded a revenue of $840K in YE Dec 2022. As per the seller, the projections suggest that revenue and profits for YE Dec 2023 will surpass those of the previous year.
- The business showcased consistent financial health with normalized seller discretionary earnings of $405K in YE Dec 2022 and a four-year average of $380K.
- Specializing in custom woodwork, the company has carved out a niche in creating custom-made furniture lines for popular interior designers in Southern Ontario.
- The business consistently made over $1M in revenue pre-COVID and has managed to recover most of its business post-COVID in 2022 and 2023.
- The company has a huge pool of loyal customer and spends minimal amounts on advertising as most of its business comes from repeat customers.
- The company enjoys a stellar reputation in the custom furniture business. With few competitors, it is positioned to capture a large market share.
- Equipped with all the necessary tools and machinery, the company is fully prepared to operate a successful woodwork business.
- The seller indicates huge potential for growth by leveraging the current brand and hiring more carpenters.
- The business typically turns down $100K to $500K in projects yearly due to capacity constraints.
- The current owner, who is looking to retire, is willing to stay on for a reasonable period in a similar capacity or as a consultant, ensuring a smooth transition.
- The business’s unique selling proposition lies in its rich legacy, stellar reputation, and commitment to quality, making it an attractive investment opportunity.
- With a strong foundation and potential for growth, this is a promising opportunity for an entrepreneur looking to capitalize on an established brand within the custom furniture industry.
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