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Midwest

  • Listing Number: 223-21051

  • Category: Manufacturing

Asking Price $4,250,000
Down Payment $3,825,000
Gross Revenue $6,740,732
Total Adjusted Net Income $1,629,892
Equipment / Fixtures $80,218
Year Established 2003
General Location Midwest
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Midwest manufacturer of commercial office seating averaging $7M in sales annually and owner cash flow in excess of $1.6M in 2021. Owner has built this company for the past 18 years into a flexible manufacturer that outshines the competition with the ability to react quickly to orders.  Customers include Commercial, Health Care, Higher Education, and GSA Government contracts. Owner is ready to retire and turn the keys over to the right buyer. Don't pass this one up.

Gross Revenue $6,740,732 Listed Price $4,250,000
Total Income $1,629,892 Down Payment $3,825,000
Base Rent $8,641 Square Feet 56720
Total Rent $13,301 Lease Expiration 12/2023
Rent Deposit $11,439 Lease Options
Inventory $2,200,288 Leasehold Improvements $0
Equipment / Fixtures $80,218 Other Assets
Full-Time Employees 14 Training Period Negotiable
Part-Time Employees 2 Special License Required
Contract Staff 15 Reason for Selling Retiring

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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