BUI842

Furniture Frame Manufacturer in Alexander County, North Carolina

Southeast US
 

A well-established manufacturer and provider of high-end furniture frames to furniture manufacturers and upholsterers.

Key Aspects:

  • 57% average gross profit margin over the last four years
  • Revenue breakdown as follows: 50% sofas, 25% chairs, 10% loveseats, 10% ottomans, and 5% misc.
  • In business for over 60 years
  • High quality customer service, including fast deliveries
  • Strong reputation in the local market with 90% repeat business
  • Long-standing relationships with customers (avg. 10-15 years)
  • Long-term stable workforce with tenures of 10 to 35 years

    Opportunities:

    • Focus on the company's online business protentional by creating a company website
    • Add a marketing team; the company is currently relying on word-of-mouth to generate new projects
    • Continuously focus on launching new designs
    • Invest in additional advertising
    • Room to expand in current facility
       
       
       
      Year:

      2016

      Compiled

      '000

      2017

      Compiled

      '000

      2018

      Internal

      '000

      2019

      Internal

      '000

      Turnover1,6341,9892,1851,566
      Gross Profit:9101,1581,302822
      Adj. EBITDA *332585457319
      * Earnings before interest, tax and depreciation (non-cash item)
       
      Bids Invited