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    • Corporate Furniture Distributor with $547k in Profit

      Corporate Furniture Distributor with $547k in Profit

      Business Type

      Services - Building Finishing Contractors

      Area Kansas City
      County Jackson State Missouri
      Property Status Established Business Asking Price $1,775,000.00
      Down Payment $221,875.00 Total Debt
      Gross Sales Total Income
      Total Expenses Terms
      Listing Flyer
      Summary
      Strong contracts in place and no inventory to manage have allowed this office furniture dealer to steadily grow year after year. Gross sales increased by 32% between 2015 and 2016, and 2017 is expected to stay strong. With an edge in healthcare-based office solutions, the company has furbished many hospitals in Kansas and Missouri. Even so, they are growing in demand for educational organizations and corporate offices.

      A successful sales team is in place and has helped the company expand into areas outside of Kansas City. Utilizing TeamDesign software, sales personnel are able to work in the office or remotely. While the sales team handles much of the design and space planning aspects, there is a full-time Designer on staff to ensure layout and design are accurate and suitable.

      Growth exists in increasing Project Management services. The seller has seen an increase in consultations for clients’ project managing needs, and continuing to market this service should produce a nice revenue stream. Also, as corporate clients are becoming a larger part of sales, seeking out these customers is another path to consider.

      In operation for 13 years, this company continues to grow every year, and has built a great reputation with great results. This is a wonderful chance to take an already successful company to the next level!

      Equipment: $22,840 – software (AutoCAD, 2020, TeamDesign), furniture, fixtures
      Intangible Assets: Great reputation, great results, ongoing contracts
      A/R: $1,142,810
      WIP: $128,125 
      Customer Deposits: $465,739

      *amounts may vary

      Years in Business: 13
      Location: Kansas City
      Service Area: 70% in Kansas City / 30% in Northeastern Kansas. Occasionally, some work in rural Missouri healthcare.
      Client Demographics: 50% Healthcare-based, 30% Education, 20% Corporate
      Building: 4,500-sq. ft. for office space and showroom
      Reason for Selling: Retirement
      Employees: 8 FT – Sales, Design & Project Management. Installation and delivery is contracted out.
      Hours: Mon – Fri 8am to 5pm
      Seller Training Period: 90 days
      Growth Opportunities: Grow corporate clients. Increase Project Management services/consulting.
      Current Owner’s Responsibilities: Seller oversees finances and contracts, but DOES NOT design or project manage.

      List Price:$1,800,000
      Gross Sales
      2017: $6,399,583
      2016: $5,680,534
      2015: $4,281,324
      2014: $3,645,252
      Owner Profit/Cash Flow
      2017: $547,381
      2016: $359,393
      2015: $225,448
      YOY Growth Trends: 76% increase from 2014 to 2017!
      Multiple: 3.29
      Valuation: 2017 Avg Cash Flow  x  Multiple  =  Price
                  $547,381   x3.29  =   $1,800,883


      Purchase Price:$1,800,000
      12.5% Buyer Down Payment:$225,000
      12.5% Seller Financing:$225,000
      75% Bank Loan:$1,350,000

      A 12.5% down payment of $225,000 returns $260,386 in the first year after debt payments.

       
      Print Listing
  • Lease / Asset Information
    • Rent Rent Deposits
      Lease Ends
      Accounts Receivable Square Feet
      Inventory Inventory Included No
      Furniture, Fixtures, and Equipment (FF&E) $22,840.00 FF&E Included Yes
      Other Assets Assets Included No
  • General Business Info
    • Other Information
      Employees Part Time Employees
      Hours Open Days Open
      Year Established
      Training
      Selling Reason
      Property Features
  • Images
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The Firm Business Brokerage

Cortney Sells
11550 West Dodge Road
Omaha, Nebraska 68154
Phone: 402.998.5288
Fax: 402.939.0857
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Contact Name Cortney Sells
Phone # 402.998.5288
 

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