Specializing in project management for office furnishings to federal clients. Located in Washington, D.C.
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Asking Price
$1,215,000
Detailed Information
Business Description
This company, established in 2010, specializes in providing full-service project management for office furnishings and work stations to federal clients such as the Department of Veterans Affairs and the US Army Corps of Engineers. Their services include procurement, interior layout design, and coordination of transportation and installation. The team consists of an Operations Manager, Sales Associate, and Designer, with the COO actively managing all aspects of the business as a minority owner. The decision to sell the company comes from the aging majority owner's plans for retirement. The sellers are offering to carry 20% of the purchase price and provide a 1–2-year transition period to ensure the business's continued success. Priced at $1,125,000, a 10% down payment of $125,100 could lead to a return of $173,570 in the first year after debt payments. Future growth opportunities for the business include increasing bidding efforts and expanding staff. By focusing on expanding bidding activities for government contracts and hiring additional