Jouffre

Jouffre

Financing for Growth During Market Downturns
Jouffre, Inc., New Production Facility

Long Island City, Queens

Quick Look
A foreign-owned, specialty manufacturer relocates to set-up a company for future growth. A strong operating history helps facilitate acquisition financing.
Jouffre

Jouffre

Financing for Growth During Market Downturns
Jouffre, Inc., New Production Facility

Long Island City, Queens

Challenge No. 1

Our client’s existing layout was at full capacity and inefficiently spread across two facilities. Plans to introduce design consulting services among Jouffre’s offerings was dependent upon having modern, upscale amenities for hosting prospective clients. Furthermore, Jouffre’s focus to date has been limited to the NYC market.

Jouffre

Jouffre

Financing for Growth During Market Downturns
Jouffre, Inc., New Production Facility

Long Island City, Queens

Challenge No. 2

A first-time borrower and 100% foreign-owned enterprise, Jouffre faced significant financing hurdles.

“Our new modern facility means we can take on manufacturing activities previously outsourced. We now have the capacity to service clients in other high-end markets and in new industries, like entertainment! ThinkForward helped make all this possible.”
ROMAIN JOUFFRE, CEO, US OPERATIONS
Jouffre

Jouffre

Financing for Growth During Market Downturns
Jouffre, Inc., New Production Facility

Long Island City, Queens

Solutions
  1. For acquisition financing, a lender typically requires a significant amount of equity and a strong operating history. We strategically marketed the credit, emphasizing Jouffre’s high-end clientele, which represent a reliable, high-margin income source.
  2. ThinkForward leaned heavily on its network of banking relationships, financing sources, and financial allies to secure $6M in mortgage financing.
  3. We reduced operation costs using available government incentive programs.
Best Solution
  • $6.0M permanent bank financing
  • Abatement of real estate taxes and energy costs
Jouffre

Jouffre

Financing for Growth During Market Downturns
Jouffre, Inc., New Production Facility

Long Island City, Queens

Results

As a first-time borrower, Jouffre benefited fromThinkForward’s team of legal, accounting, real estate, and financial experts, especially, to anticipate and navigate the various lender approval processes and requirements.


The modern new facility houses a larger workshop and state-of-the-art machinery and equipment, ultimately, allowing the company to increase its production capacity and expand into new and upcoming markets, including Los Angeles, Chicago, and Florida.

Backgorund

The French atelier Jouffre has been doing business in the US since 2001. The company specializes in manufacturing high-end, custom upholstery, wall upholstery, and window treatments. A wealthy, exclusive client base has fueled steady growth over the years, including during economic downturns.

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Jouffre

industrial/commercial
acquisition/ renovation/expansion

Financing for Growth During Market Downturns
Jouffre, Inc., New Production Facility

Long Island City, Queens

Our client’s existing layout was at full capacity and inefficiently spread across two facilities. Plans to introduce design consulting services among Jouffre’s offerings was dependent upon having modern, upscale amenities for hosting prospective clients. Furthermore, Jouffre’s focus to date has been limited to the NYC market.

A first-time borrower and 100% foreign-owned enterprise, Jouffre faced significant financing hurdles.

  • $6.0M permanent bank financing
  • Abatement of real estate taxes and energy costs
  1. For acquisition financing, a lender typically requires a significant amount of equity and a strong operating history. We strategically marketed the credit, emphasizing Jouffre’s high-end clientele, which represent a reliable, high-margin income source.
  2. ThinkForward leaned heavily on its network of banking relationships, financing sources, and financial allies to secure $6M in mortgage financing.
  3. We reduced operation costs using available government incentive programs.

As a first-time borrower, Jouffre benefited fromThinkForward’s team of legal, accounting, real estate, and financial experts, especially, to anticipate and navigate the various lender approval processes and requirements.


The modern new facility houses a larger workshop and state-of-the-art machinery and equipment, ultimately, allowing the company to increase its production capacity and expand into new and upcoming markets, including Los Angeles, Chicago, and Florida.

Projects

Jouffre

Boutique Manufacturing (Custom Uphostery)

$6,000,000

Quick Look

A foreign-owned, specialty manufacturer relocates to set-up a company for future growth. A strong operating history helps facilitate acquisition financing.

“Our new modern facility means we can take on manufacturing activities previously outsourced. We now have the capacity to service clients in other high-end markets and in new industries, like entertainment! ThinkForward helped make all this possible.”

ROMAIN JOUFFRE, CEO, US OPERATIONS

Challenge No. 1

Our client’s existing layout was at full capacity and inefficiently spread across two facilities. Plans to introduce design consulting services among Jouffre’s offerings was dependent upon having modern, upscale amenities for hosting prospective clients. Furthermore, Jouffre’s focus to date has been limited to the NYC market.

Challenge No. 2

A first-time borrower and 100% foreign-owned enterprise, Jouffre faced significant financing hurdles.

Solutions
  1. For acquisition financing, a lender typically requires a significant amount of equity and a strong operating history. We strategically marketed the credit, emphasizing Jouffre’s high-end clientele, which represent a reliable, high-margin income source.
  2. ThinkForward leaned heavily on its network of banking relationships, financing sources, and financial allies to secure $6M in mortgage financing.
  3. We reduced operation costs using available government incentive programs.
Game Plan
  1. For acquisition financing, a lender typically requires a significant amount of equity and a strong operating history. We strategically marketed the credit, emphasizing Jouffre’s high-end clientele, which represent a reliable, high-margin income source.
  2. ThinkForward leaned heavily on its network of banking relationships, financing sources, and financial allies to secure $6M in mortgage financing.
  3. We reduced operation costs using available government incentive programs.
Results

As a first-time borrower, Jouffre benefited fromThinkForward’s team of legal, accounting, real estate, and financial experts, especially, to anticipate and navigate the various lender approval processes and requirements.


The modern new facility houses a larger workshop and state-of-the-art machinery and equipment, ultimately, allowing the company to increase its production capacity and expand into new and upcoming markets, including Los Angeles, Chicago, and Florida.

Background

The French atelier Jouffre has been doing business in the US since 2001. The company specializes in manufacturing high-end, custom upholstery, wall upholstery, and window treatments. A wealthy, exclusive client base has fueled steady growth over the years, including during economic downturns.

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