MergerPlace

20 Year Used Office Furniture Dealer

Cincinnati, Ohio (Hamilton)


  • Asking Price: $650,000
  • Gross Income: $1,336,000
  • Cash Flow: $268,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $30,000
  • Listing ID: #209558
  • Established: 1998
  • Employees: 6

Business Description

This well – established and independent company, owned by a retirement aged owner with health issues, is an outstanding opportunity for a sales - oriented buyer. Long term (over 70 total years of service) and highly qualified employees allow the seller to be a semi – absentee owner. The company typically sells cubicles, work stations, file cabinets, conference tables, desks, chairs, systems furniture, reception furniture, new office furniture, and used office furniture. Services include furniture liquidation, furniture installation, office design, office relocation, and furniture decommissioning. This business model could be easily replicated in other cities as a means of growth. Seller will train in all aspects of the business and will be available to ensure a smooth transition. The business is offered as an asset purchase, free and clear of debt.


SBA loan qualified
Great online showroom
Very broad customer base
Price includes all tools and equipment
Absolutely no accounts receivable issues
No customer represents more than 10% of sales
Sells only high-quality brand name merchandise
Clean books and records – all numbers are verifiable
Excellent marketing programs including social media


Business Details

Primary Business Category: Wholesale Trade - Durable Goods
Location: Ohio
Metropolitan Area: Cincinnati
County: Hamilton

Company Information

Year Established: 1998
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 6

Financial Information

Asking Price: $650,000
Gross Revenue: $1,336,000
Cash Flow: $268,000
EBITDA: $268,000
FF&E: $30,000
Seller Financing Available: No

Property Information

Facilities:

The company operates out of a 15,000 square foot facility which is more than adequate to operate the business successfully and have room to expand.

Growth & expansion opportunities:

This business model can be replicated in other cities. In addition, the company has added a new line of imported new furniture which will allow them to become very competitive in the new furniture market.

Competition:

There are very few competitors the size of this company so buying large lots of used, but very nice furniture, can be easily accomplished which is a very profitable part of their business.

Reason for selling:

The seller is of retirement age and has some serious health issues.

Support & Training:

Seller will train in all aspects of the business and will be available to ensure a smooth transition.

Contact Business Seller

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Business Listed By:

Dan Long

Cincinnati Business Brokers