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Asking Price$1,150,000
Revenue$1,300,000 Established2003
Cash FlowUndisclosed Employees6 full-time
FF&E$300,000* FranchiseNo
InventoryUndisclosed* RelocatableNo
Real EstateUndisclosed* Home-basedNo
* Included in Asking Price
A unique business specializing in design and manufacture of furniture. Includes fully stocked showroom and fully equipped workshop both located very close to Sydney city center. Established in 2003 the owner has worked very hard to build a excellent reputation within this industry. Specializing in design and making of high end hand made furniture either custom or off our showroom floor. Excellent high end returning clients and daily passing trade. Unique company with not much competition due to our company being able to design and hand make virtually anything. We also offer industrial design and interior design as part of our retail sector. Currently fully staffed with a low turn over of staff. structures and systems in place for immediate operation with minimal training. I can see excellent room and opportunities for expansion with this brand. Owner moving overseas.
Facilities:Showroom stock approx $100,000 - $150,000 Machinery , 2 x vehicles etc $200000-250000
Competition:I think the reason we have not met much competition in the past is due to the company not really specializing in any one line of work. We have our own range of furniture that we design and retail ourselves but also do a lot of custom work from a coffee table to a sculpture. Every job we do is unique and usually high end projects. Our clients come to us because they find it hard to get anybody to do this type of work which leaves the market wide open. Also the fact that we have a inhouse industrial designer plus a interior designer makes it easier to have the whole project done under one roof. Until now we have not had to advertise and all inquiries are word of mouth and passing trade. We also get recommended by other workshops who cannot do the work.
Growth Potential:I honestly believe there is a lot of potential for growth with this company. Because our business model is different to others in our industry we stand out from the others. Our clients love the fact they can have anything made to there requirements and to have it made properly and to a high standard which is hard to find in most cities of Australia. I believe there is still room for growth in Sydney plus interstate were there is a big shortage of this type of service. We currently ship jobs to all states ie perth , brisbane , and melbourne on a regular basis. We have also shipped as far away as newzealand and tasmania. All these clients have purchased through our website. We do also get inquiries from overseas but i have been a bit reluctant to take these on.
Training/Support:I think the buyer ideally would have experience in the furniture making industry already. Then everything else is set up ready to go. I would be prepared to stay on for a period to allow the buyer to feel comfortable with running the business themselves.
Sale Reason:Moving overseas
Ad #62040
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