2020 (6 Month) Revenue: $2,631,8922020 (6 Month) Cash-Flow: $1,012,398
2019 Revenue: $3,277,1452019 Cash-Flow: $1,209,339
2018 Revenue: $3,135,2092018 Cash-Flow: $1,184,987
2017 Revenue: $2,769,2842017 Cash-Flow: $537,990
OVERVIEW
•Founder owned and operated
•This business offers interested buyers the unique opportunity to own a highly successful specialty home furnishings manufacturer/ importer / distributor.
•The business has seen success year over year from their quality and price which has created long-term relationships with brick and mortar dealer locations nationwide and internet retailers.
•The business currently operates in a warehouse space that is leased by Seller.
SERVICES & PRODUCTS:
•The business specializes in designing, manufacturing, importing and distributing specialty home furnishings.
•The business only wholesales to its brick and mortar dealer locations and high-end internet retailers.
OPPORTUNITIES FOR GROWTH:
•Currently the business operates with a limited sales force.
•An increase in business development staff would increase revenue and make sure the business’s products are introduced to potential new dealer locations.
•Opportunity to develop additional dealers utilizing continuous new dealer inquires.
•An increase in online marketing could further increase market penetration and accelerate growth.
•Additional OEM Relationships with Nationwide chains or big box stores could be a tremendous enhancement to company growth.
BUSINESS COMPETITIVE EDGE AND STREGNTHS
•The business focuses on products designed to be priced competitively from mid to high end users.
•The business currently distributes products through its dealer locations, drop-shipping and direct shipping to OEM and large dealers.
•The business provides consistency in quality and availability of inventory.
• Within this specialty furnishings industry, the business has built a surpassing strong brand awareness in the marketplace due to its product designs, durability, availability and value.
Tripp Lawson grew up in a family of entrepreneurs spanning five generations of business owners. He began his career as a Financial Analyst working with the business valuation team while attending Florida State University. Tripp also spent time working with various Viking M&A offices throughout his time at Florida State University. After graduating with a Bachelor of Science Degree in Finance and a Florida Real Estate License, Tripp decided to start his professional career in Florida working with his father in Viking’s Florida Division in 2017.
As a Partner, Tripp works closely with business owners, entrepreneurs, and their advisors to educate and develop a short- or long-term plan to either divest their business or purchase an existing business. Tripp’s dedication and experience in finance and real estate, combined with his business acumen allows him to understand the priorities of Viking clients and deliver exceptional results for them.
While attending Florida State University, Tripp was a student athlete and a member of the football team. Additionally, he held multiple leadership roles within Florida State University organizations. Tripp stays involved at Florida State University by mentoring students holding governing positions within the campus. Tripp has a passion to guide peers on life and business decisions to help those be successful.
Outside of the office, Tripp is an active boater and enjoys adventurous outdoor activities.
