Their business, started four years ago, bears all the markers that would seem to point toward collapse and extinction in a recessionary economy. It’s founded on idealism and emotion. It’s riddled with huge and unavoidable inefficiencies. And it tenders a high-end product that asks buyers to take risks and have faith.
Yet the company, Meyer Wells, has thrived. It’s been profitable from the start, Mr. Wells says, and revenue has grown annually; it reached $850,000 last year, and the business partners say they’re on track to top $1 million this year. There are now nine employees, and the furniture commissions have blown well beyond suburban kitchens to high-visibility clients like Starbucks and the University of Washington.”