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Asking Price$899,000
Revenue$2,700,000 Established2005
Cash Flow$293,296 EmployeesUndisclosed
FF&EUndisclosed* FranchiseNo
Inventory$250,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This East Tennessee based furniture and cabinet manufacturer is a local leader in top of the line custom cabinetry, furniture and home furnishings. This company averaged $730k in revenue over the last 3 years and is projected to outpace that in 2020. Seller discretionary earnings in the last 12 months is $209,289. This company has operated based on word of mouth referrals and its longevity in the marketplace. There is significant opportunity both on the furniture and cabinetry sides of the business. Seller has made substantial investments into equipment over the last few years. It's current structure is with an owner operator. This structure could continue, or there is an opportunity to run this company with a General Manager via Part Time Manager Owner or Investment Owner.
Training/Support:The seller is willing to train and transition the purchaser for a mutually agreeable period immediately following closing to ensure a smooth and seamless transition.
Sale Reason:Owner is transitioning to retirement
Ad #116993
Seller Reference #KNOXVTN002-N20
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Contact This Seller
Mark Stooksbury
865-964-7786
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