It was chippy but I figured that'd be fine for my purposes and maybe even give it some more character. So I did nothing to prep the surface (as is normal!) :)
Then I coated it with Krylon Leather Brown Gloss. (One coat looks a little stripey)
It still has the chippy character. I am not sure I actually like it, but don't people work really hard for that finish?
After 2 coats it looked pretty good. I think it looks fine next to my couch, but I hope we won't be needing the blankets anytime soon. I don't look forward to winter...