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Manufacturer Of Office Furniture Components
Location Illinois,United States
Asking Price Range $5.0M - $10.0M
Gross Revenues $3743000
Net Profit / Cash Flow $1133000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1994
Number of Employees 1 - 3
Inventory 3000000
Relocatable Yes
Number of Employees 1 - 3
Real Estate Owned
Training Negotiable.
Reason for Sale Parent company wishes to focus on its core business.
Description This company is a profitable, high margin manufacturer of top quality plastic injection molded storage and organizational units for the office furniture market. Style and function are paramount, and the extent of its own proprietary line coupled with custom design and production capabilities, have secured this company's place in its industry and lead to many long-term customer relationships. The company's unique and patented components can be built into furniture during the manufacturing process, or sold as accessories.
The company sells to a broad base of national clients in both the high-end case goods and Ready to Assemble (RTA) furniture markets, as well as to hardware distributors to the woodworking industry. The company is also pursuing the office furniture dealer market with its higher end products lines, and plans to expand into the consumer/home office retail sector through its new product development program.
The U.S. office furniture market was a $13 billion industry in 2006. Consumption is up significantly thanks both to an expanded economy driven by the furniture needs of traditional office/service workers, as well as increases in the home office sector. Future sales projections for domestic manufacturers remain strong, and foreign imports have not had a significant impact on the higher end OEM's who use this company's products.
Currently operating as a division of a larger firm, this company would make an excellent acquisition for a strategic buyer in the office furniture or office supplies industry. The transaction will include the sale of the company name, all patents, and all tooling. Manufacturing can be taken elsewhere or remain with the parent company under the terms of a non-compete production agreement. Contact for more information on this Office Furniture Component Manufacturing business for sale.
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