2016 Revenue: $6.7MM
Capabilities: The Company is a premier designer and supplier of contract furniture to public sector and nonprofit customers. Specializing in meeting the furniture and space planning needs of institutional facilities, the Company has built an outstanding reputation in these industries. In addition to supplying furniture, the Company offers a range of design services, including computer generated layouts and renderings to assist customers with visualizing the finished project.
Key Success Drivers: A holder of multiple exclusive contracts and endorsements, the Company is a preferred vendor for multiple network associations and state contracts. These preferred vendor designations are difficult to acquire and represent a significant driver of repeat business going forward.
Customer Base: On average, the number of active customers on an annual basis is 185. About 90% of the Company’s customers are nonprofits operating in urban or suburban locations.
Future growth: The principals have built a solid platform readily scaled to new geographic regions and within existing markets. Age demographics, public health and other socio-economic forces are driving demand for specialized housing facilities creating opportunities for the Company throughout the country.
2017 Estimated Revenue: $ 7,100,000
Adj. EBITDA Approx. $ 985,000
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