Furniture Solutions: Navigate pitfalls with our Office Experts!
Price: $875,000
Location: Sandy, UT
Listing ID: 2024-02-21
Listing Status: New
Office furniture is an essential requirement often underestimated by many businesses, leading
to misguided investments in unsuitable goods. Without the expertise of a consultant, designer,
project manager, vendor manager, and other essential roles, businesses struggle to efficiently
outfit their offices.
A solution for businesses lies in a company based in Sandy, UT, which has been assisting
companies across the US in navigating the challenges of securing office furniture since 2020.
This company has evolved to become a prominent player in the market for office furniture sales,
design, furniture selection, shipping, installation, decommission, asset management services,
and consulting. The majority of their business, 80%, comes from Utah.
The company's sole employee is the Seller, who manages the business for just 20 hours per
week. Despite being the only employee, the business has achieved remarkable growth, with a
2648% increase from 2020 to 2023. Sales soared from $47,127 in 2020 to $1,294,897 in 2023,
and Net Income grew by 1624%, from -$22,979 in 2020 to $350,152 in 2023.
Thanks to their unique business model, the company operates with minimal overhead and
restrictions. Even in a downturn, the business remains lean and gains market share. Their focus
is on delivering faster and higher quality service than competitors, with the goal of closing deals
efficiently.
This company excels in agility, unlike larger competitors burdened by extensive overhead and
layers of approvals. As the sole employee, the Seller capitalizes on market downturns, growing
while others lose market share. The company rapidly adapts to changing market conditions,
eliminating unprofitable practices, relationships, and exploring new product offerings.
Despite the challenges of the 2023 downturn, the company's innovative revenue streams led to
its best year yet, generating $1.3 million in revenue. They strategically offered furniture at no
cost, acquired decommissioned furniture at reduced rates, and now charge clients for furniture
removal during relocations or business liquidation.
With a remarkable 70% repeat business rate, furniture sales constitute 95% of the revenue,
while labor accounts for the remaining 5%. The sale includes $50,000 in assets, a 3-month
transition period with the Seller, and special pricing agreements with three manufacturers.
Inventory, valued at $250,000, is available separately.
Total Sales: 1,294,897
FFE: $ 50,000
Inventory: $250,000
Year Established: 2020
Type of Location: Sandy, UT
Reason For Sale: Other Ventures