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High End Lamp Shade Manufacturer

Union County, NJ

High End Lamp Shade Manufacturer
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Asking Price: $499,000

Cash Flow: $190,736

Gross Revenue: $856,652

EBITDA: $190,736

FF&E: $652,000

Inventory: N/A

Established: N/A

High End Lamp Shade Manufacturer

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Business Description

This successful 75-year-old family-owned company is in the lamp shade manufacturing industry. They are strictly a B2B sales model, with longevity with most of its clients. Products are made on-site in its factory located in the NY/Tri-State area.

This company is a boutique high-end quality manufacturer. Their shades dominate booths at several prestigious trade shows in the ‘design arena’. Customers include domestic lamp manufacturers, lighting stores, hospitality, and professional artisans. The value of “Made in America” is a must for customers in this space. Imports cannot compete with the superior-quality and attention to detail that high-end users of its products demand. There are very few top-tier manufacturers left in the USA. This company dominates the upscale market in this arena.

All its products are made to order; there are no unsold products in inventory. Extensive materials and parts inventories give them an efficient, streamlined manufacturing operation. It is “continuous flow” manufacturing, where larger and smaller lots flow through together.

This company boasts one of the most advanced lamp shade manufacturer computer systems in the United States. It has custom-developed, sophisticated networked software that allows them to track and record all the details of an order. Every shade lot is scanned at every step in the process, which gives real-time production info and quality control accountability. The system maintains an accurate virtual inventory that manages the purchasing and receiving of materials and parts. The price quote routine looks up the last price paid for parts and determines the labor time for each operation, for 95% of the items ordered.

Detailed Information

Location:
Union County, NJ
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
It's 14,000 SF facility is close to all major highways and easily accessible.
Competition:
There are really only a few other higher-end lampshade manufacturers left in the US. Competition from imports cannot maintain the high standards of quality. Clients specifically looking for shades “Made in the USA”.
Growth & Expansion:
Better marketing and sales efforts. This Company has no marketing or advertising budget. They haven't been able to pursue new customer acquisition strategies or reaching out to existing customers. Investing in a wireframe shop might improve lead time on the most customized shades and allow expansion of the company’s capabilities.
Support & Training:
Owners are willing to stay on and assist thru a transition that works for the buyer
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Joe Coculo

Business Listed By:
Joe Coculo

Synergy Business Brokers

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Sponsoring Broker:
Blake Taylor

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