furniturer manufacturer

THIS IS A STOCK SALE The subject company is a leading manufacturer of upholstered sofas. Operating from a 13,000 square foot plants they produce over 80 sofas per day on one shift. Frames are made on the premises by a sole source dedicated independent contractor. Fabrics are purchased directly from the mills. Sixty employees work in the factories at minimum wages. Sales are made through independent furniture sales reps to small retail chains and individual stores west of Denver, Colorado. Sales have grown steadily every year. Many cash sales occur each year. The owners believe the best strategy and next step for their company is to be acquired by a larger furniture manufacturer that can bring the capital resources and management expertise to take the company to the next level. The company has no debt; it does not report cash sales and this has affected its borrowing capacity. The two owners are willing and desirous to remain active in the company with the new owners. They are confident with relocation to a new plant, an infusion of capital and the guidance of seasoned management they could achieve sales in excess of 24;20,000,000 in two years. Contact Scott Probst, Executive Vice President, at (310) 539-8300 for complete details.