Description

Asset sale Sofa factory which its proprietary, original, unique advent-grade furniture collections have been on the forefront designs & are holding the most USA designs in the furniture industry plus a number of international design patents (German & Benelux), with registered Trade Mark name is located in Orange County & the owner is contemplating retirement. Since its establishment in 1986, up until 2000, the company had grown its market both domestically and internationally. The media and contemporary furniture industry worldwide have praised this company’s brand as a valuable and original brand name & its products have been featured in movies, music videos, and celebrities have purchased them to furnish their homes. The owner used to participate in many domestic & international furniture shows on annual basis & had high revenue & great income because of that. All marketing efforts have ceased since 2001 and an expensive relocation from Northern to Southern California. He strongly believes that anyone with appropriate and adequate marketing efforts would turn this manufacturing business into a very profitable venture.The owner has handled all technical aspects of production & is eager to train a new buyer, even though all the actual documents and patterns (fabric, frame & foam) have been documented for all the manufacturing steps for each design on videos that make their training process easy. The term must be worked out with the owner as how long the new owner is requesting him to satay & train.According to the owner the best candidate is someone who is willing to move the manufacturing overseas to benefits from more favorable labor market, since most of this business unique designs are labor intensive & lower payroll certainly makes this manufacturing business profitable.Annual Revenue: $NAFF&E (Included in the price): $75,000 Inventory (Included in the price): $25,000 Seller’s Discretionary Cash Flow: $NA Asking Price: $150,000 Disclaimer: The information above was furnished by the seller. Broker or its agents have not verified the information and makes no representations as to its accuracy or reliability.

Posted Apr 1, 2015

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