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Commercial and Custom Residential Cabinetry and Millwork Company
NCListing DetailsOffice ID: CABINET2
Status: Active
Listing Broker: George Bradbury
Listing Price: $500,000
Gross Revenue: $843,019
Cash Flow: $136,688
12 Month Forecast: $900,000
Inventory: $5,000
Inventory Included: Yes
FF&E: $254,750
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Reason for Sale:
Semi Retirement and other business interests
Training:
Seller will provide up to 80 hours of transition support at no additional cost
OperationsYear Established: 1989
Form of Ownership: S Corp
Employees (full-time): 6
Employees (contractors): 3
Managers: 1
Business Hours: MtoF 8 to 5
Summary
Business Description:
Since 1989 this company has been building beauty and functionality into custom cabinet projects. From kitchens, baths, built-ins, library/office and closets you will find their cabinetry in some of the most prestigious homes and offices in their market. Their staff works together with their clients to plan, measure and draw up cabinetry that insures every detail is in place. Using only hardwoods they build, paint/stain and finish cabinetry and make sure it is installed properly. They have robust commercial business including working for banks, conference rooms, laminate countertops and more.
Historical Summary:
This company has built a great reputation with architects, builders and contractors in their market for almost 30 years
Owner Qualifications:
Owner should possess basic accounting, management, sales and marketing expertise. Carpentry/cabinetry/woodworking skills would be a plus.
Competition:
There is competition on the manufactured "box" cabinets side; There really is just a handful of custom shops left that have any real craftsmen working. To a real "knowledgeable" customer that might be building a home or remodeling their current home; if you want real wood custom cabinets…..this company is the only answer.
Potential Growth:
This company has been working for the last three months on "gearing up" on a completely new line of "frameless cabinetry" The owner believes Frameless sales could be significant in the next 18 months.
LocationType of Location: Stand Alone
Real Estate for Sale: Yes
Monthly Rent: $5,000
Square Footage: 18800
Facilities:
This business is located in a seller owned space and occupies approximately 19,000 sq. Ft. including 2 free standing paint facilities. The owner needs the facility to expand his other business (non-competitive). He will lease the space for a limited time (a year or two) while the buyer finds a new facility. The monthly rent has recently been increased to $5,000 per month.
Last Updated: Jun 8, 2018 / 1:34 PM
Financial Information Current as of: Jun 1, 2018 / 6:02 PM