{"id":1206,"date":"2024-09-04T08:09:29","date_gmt":"2024-09-04T08:09:29","guid":{"rendered":"https:\/\/itqanequity.com\/?p=1206"},"modified":"2025-01-13T19:23:43","modified_gmt":"2025-01-13T19:23:43","slug":"foodservice-distributor-in-the-midwest-with-mbe-designation-3-3-3-2-3-4-2-2-3-2-2-2","status":"publish","type":"post","link":"https:\/\/itqanequity.com\/index.php\/2024\/09\/04\/foodservice-distributor-in-the-midwest-with-mbe-designation-3-3-3-2-3-4-2-2-3-2-2-2\/","title":{"rendered":"Highly Profitable Custom Furniture & Drapery Fabrication Business for Sale in Nevada"},"content":{"rendered":"\n
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This thriving, custom fabrication business, located in Las Vegas, Nevada, specializes in creating high-end, custom-made furniture and draperies for both residential and commercial clients. With a strong, established presence over the past 10 years, this business operates as an interior design workroom, crafting custom pieces that cater directly to interior designers, decorators, architects, and builders. The company has carved out a lucrative niche by producing unique items such as sofas, chairs, upscale outdoor furniture, fancy headboards, custom draperies, and electric window shades\u2014pieces that are generally unavailable through retail vendors. <\/p>\n\n\n\n

Key highlights include the business’s impressive financial performance, with trailing 12-month seller’s discretionary earnings (July 2023 – June 2024) of $665,773 on revenues of $1,963,424, reflecting a healthy 33.9% pre-tax net profit margin. For the first half of 2024 alone (January – May), seller-provided financial statements show a net profit of $514,813, even after accounting for a pro-forma manager’s salary of $80,000 per year. This represents a significant increase from 2023, during which the business netted $479,000. <\/p>\n\n\n\n

The business enjoys several revenue streams, primarily through the fabrication of custom upholstered furnishings and draperies, while also serving as a leading local dealer for electric window shades and hardware. Despite its robust growth, the company has minimal marketing expenses, relying instead on a stellar reputation and strong word-of-mouth referrals from satisfied clients. Most customers are referred directly by interior designers, decorators, architects, and builders, ensuring a steady flow of business without significant customer concentration issues. <\/p>\n\n\n\n

The company operates efficiently with streamlined systems and overhead, allowing for quick delivery times that are far superior to the industry norm of 6-9 months for retail showrooms. Additionally, the ability to replicate expensive high-end designs at a fraction of the retail cost provides customers with excellent value, leading to high levels of satisfaction and repeat business. <\/p>\n\n\n\n

Pre-qualified for an SBA loan, this opportunity is ideal for a buyer with good credit who is looking to enter a fast-growing, highly profitable market with little local competition. With detailed accountant-prepared financial records that make due diligence straightforward and verifiable sales, this business is poised for continued growth in one of the fastest-growing cities in the U.S. <\/p>\n\n\n\n

(Note: Only qualified principals\u2014no search funders or similar entities. Proof of funds is required from all potential buyers. Non-binding offers will not be accepted.)<\/p>\n\n\n\n

$1,500,000<\/mark><\/strong><\/p>\n<\/div><\/div>\n\n\n\n

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Gross Revenue<\/strong><\/td>Cash Flow<\/strong><\/td>EBITDA<\/strong><\/td>Inventory<\/strong><\/td>FF&E<\/strong>
included in asking price<\/mark><\/em><\/td>		Real Estate<\/strong><\/td><\/tr>
$1,962,424<\/td>$665,773<\/td>Not disclosed<\/td>Not disclosed<\/td>$41,000<\/td>Leased<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

About the business<\/h2>\n\n\n\n
Location:<\/mark><\/strong><\/td>Las Vegas, NV<\/td><\/tr>
Year Established:<\/mark><\/strong><\/td>2014<\/td><\/tr>
Number of employees:<\/mark><\/strong><\/td>18 (skilled and loyal employees, including sales, office, admin, and fabrication personnel.)<\/td><\/tr>
Building Sq. Ft.:<\/mark><\/strong><\/td>6,900<\/td><\/tr>
Rent:<\/mark><\/strong><\/td>$8,100 per month<\/td><\/tr>
Facilities:<\/mark><\/strong><\/td>6,900 sq. ft. office\/showroom and shop\/fabrication area.<\/td><\/tr>
Market Outlook \/ Competition:<\/mark><\/strong><\/td>Very little direct competition in Las Vegas.<\/td><\/tr>
Growth & Expansion:<\/mark><\/strong><\/td>Add additional sales\/business development staff.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

About the sale<\/h2>\n\n\n\n
Reason for selling:<\/strong><\/mark><\/td>New family.<\/td><\/tr>
Training \/ Support:<\/mark><\/strong><\/td>Sellers will fully train buyer and even remain as employees.<\/td><\/tr>
Seller Financing:<\/strong><\/mark><\/td>SBA pre-approved.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Get in touch!<\/h2>\n\n\n\n
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