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Office Furniture Reseller - Strong Cash Flow
Location Texas,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $2609320
Net Profit / Cash Flow $864705
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2000
Number of Employees 6 - 9
Inventory 200000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training 90 days or as needed. Seller is willing to stay on an be a salesman therefore, he is willing to train as much as what is needed.
Reason for Sale Divorce.
Description This business is a reseller of high quality office furniture - primarily office cubicle systems. These cubicles are typically purchased from Fortune 1,000 companies nationwide that are downsizing, relocating or upgrading. These available cubicle "inventories" are bid on by the company, which also will handle the disassembly and removal of the cubicles. What's unique is that the company takes possession of very little of this inventory - prior to making a bid to purchase the inventory, the owner typically has a buyer lined up for it. So the inventory is transported directly from the seller's location to the buyer's location, where it is reassembled for the customer. This process allows the transition time to be fast and cost effective. In some cases the inventory requires some remanufacturing, in which case the business does take possession of the units to do the required work on them. Customers include businesses of all sizes that are in need of high-quality cubicles at a fraction of the cost of buying new units, whether for expansion, relocation or upgrading.
At its core, this business is truly a sales organization, but it's not built on relationships or repeat orders as customers are only in need of this service when undergoing major changes to their organizations. The current owner has done 100% of the selling up to now, although he just hired an out-of-state contractor to expand his reach.
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