Framed Art & Silk Plants - Manufacturer & Distribu
Business Profile: Framed Art & Silk Plants - Manufacturer & Distribu
Mfg-Art Supplies
Charlotte N765-BL
Purchase Information
Financial Information
$605,000
$150,000
$250,000
Included
$250,000
Included
Not Included
Other Business Information
1999
6
12,000
$6,100
N
N
N
Business Description
This company sells products it manufacturers like framed art and silk plants to commercial accounts, many of which are large corporate entities and governmental agencies. The business was established over 20 years ago and the owner is at retirement age and ready to pass the business off to someone who has the energy to take it to the next level. This business had a cash flow of approximately $500,000 in 2016 with sales of $1.5 Million (2016). Sales are now about half of the volume but picking up strongly in 2019. The ideal buyer will has a sales aptitude with some experience or interests in interior design. There is no formal asking price but there is approximately $500,000 in hard assets alone (Inventory and equipment). 2017 was largely a breakeven year on sales of $670,000 while 2018 had a cash flow of $150,000 on sales of $605,473. Projected Sales for 2019 are $900,000 with over $200,000 cash flow based on orders in hand in the first quarter of 2019.
Please Note: All listings herein are exclusive to this listing office as of
the date of submission. Information contained herein has been provided by the Seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. No prospect shall receive the name of any listed firm until the STANDARD DISCLOSURE
STATEMENT is signed by the prospect.
Southern Mergers & Acquisitions / Manufacturing, Distribution & Service Businesses
19520 West Catawba Avenue, Suite 111 A, Cornelius, North Carolina 28031 | 704-897-8232