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Originally Posted by charly
$10,000,000 sold Bank of Americe the office furniture for their new UK offices in South London. Installation over three years, 6 weeks after the last desk went in they decided to close the office and phoned us asking if we would like to buy it back.
We declined.
I earned $80,000 over the three years from the sale. Not a lot but the credibility it gave us and the furniture was worth a lot more.
This was 1981 to 1984
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That's an interesting story, Paul.
My grandfather had contracts with furniture manufacturers all over the U.S. and sold primarily to major universities around the country.
The man sold millions of $'s of furniture that filled buildings upon buildings at a time - dorm rooms, class rooms, offices, etc.
On top of whatever he made on the sale of the furniture he'd charge like 3 - 4 times his actual cost for installation. I remember seeing an invoice on his desk one time for 180K for a deal at Rutgers University - I asked him what it cost him to hire the crew to do the work for him - and he said "about 60K"!
I can only imagine how much he made from selling the furniture!!!
About 5 years ago he donated a wing/pavillion to NYU Medical Center.
The old guy is definitely one of my heros!