COMPANY OVERVIEW
Please note: a 'proof of funds' statement is required from all buyers prior to any confidential disclosures. Pre-qualified for SBA loan! Trailing 12 month (July '23-June'24) seller's discretionary earnings of $665,773, revenues of $1,962.424 (33% pre tax net profit margin). Year to date (Jan-May) seller's net of $514,843. 2023 net of $479,885. Strong CAGR growth rate. Detailed, accountant-prepared financial statements. Several revenue streams--the company fabricates custom upholstered furnishings,window coverings, and draperies. Serves a diverse customer base--interior designers, commercial customers, hospitality, and homeowners--with no concentration issues. Almost no direct local competition. 9 years in business with consistent growth. Well-staffed with skilled, loyal employees, including admin & fabrication personnel. And don't be overly concerned about having necessary experience to operate this business--the owners will remain as part-time employees to fully train a new owner, and for continued business development support if needed. Efficient overhead, streamlined systems in place. Their custom fabrication ability gives the customer a high degree of satisfaction, with many repeat clients. They also have a quick delivery process--a few weeks--compared to 6-9 months with many retail showrooms. They can also duplicate expensive high-end designs for a fraction of the retail cost. This business has very detailed financial records which will make the buyer's due diligence easy. All sales easily verifiable. Also sells into California. More people are moving to Las Vegas than any city in the US. Contact Michael Cash, Benchmark Business Advisors, Las Vegas, NV.
Market overview:
The residential sector in Las Vegas has been growing steadily. With numerous new housing developments and a significant influx of new residents, there is a consistent demand for home furnishings. 'Bespoke' or custom furniture appeals to new homeowners seeking to 'personalize' their spaces, as well as existing residents interested in upgrading their interiors. High-end custom furniture can particularly attract affluent buyers in upscale neighborhoods and luxury high-rise condominiums. The market for these custom, personalized home furnishings is growing rapidly and has been historically under-served by brick-and-mortar retail stores.