Listing ID: 82869
Business Overview
Sunbelt Business Brokers of Baton Rouge presents this long standing multi-decade old upholstery distributor business for sale in Louisiana. Business has been serving all of Louisiana and surrounding communities with a wide variety of upholstery needs. Companies’ reputation is synonymous with quality products and service. Many customers have been with the business for over 20 to 30 years! Company is primed for new ownership to take it to another level. Distributorship has a large variety of assorted fabrics ranging in uses for furniture, automotive, drapery, marine, etc. Business also provides upholstery supplies such as buttons, needles, zippers and other support and related upholstery needs. Business occupies a building of approximately 22,000sqft. Building and real estate are not included in the sale but could be purchased separately by buyer if desired.
Owner has decided to sell and enjoy retirement. Seller will help train and transition new owner. Owner may consider some seller financing for a qualified buyer with a proper down payment. Contact us today for more information on this time tested upholstery distributor business for sale. Come meet the owner, see the wide variety of quality fabrics and services. Be impressed and make an offer today!
Financial
- Asking Price: $649,000
- Cash Flow: $200,000
- Gross Revenue: $2,000,000
- EBITDA: N/A
- FF&E: $20,000
- Inventory: $700,000
- Inventory Included: Yes
- Established: N/A
Detailed Information
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:22,000
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
Available
Additional Info
The sale shall include inventory valued at $700,000, which is included in the requested price.
The company has 9FT 1PT employees and resides in a building with approx. square footage of 22,000 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell companies. Nonetheless, the real factor vs the one they say to you might be 2 completely different things. For instance, they might state "I have a lot of other obligations" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might just be reasons to attempt to hide the reality of altering demographics, increased competitors, recent decrease in earnings, or a variety of other reasons. This is why it is very vital that you not count completely on a seller's word, but instead, use the seller's response along with your general due diligence. This will paint a more reasonable picture of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses borrow money with the purpose of covering points like inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can suggest that earnings margins are too tight. Lots of organisations come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that have to be satisfied or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract brand-new clients? Often times, operating businesses have repeat clients, which develop the core of their day-to-day profits. Specific factors such as new competition sprouting up around the area, roadway building and construction, and personnel turnover can impact repeat consumers and also adversely impact future profits. One vital thing to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business on a regular basis, the greater the opportunity to develop a returning customer base. A final thought is the basic location demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? How might the regional median household earnings influence future earnings prospects?
