24-Year-Old Premier Cabinetry And Closet Manufacturer $753k Ebitda!!!

Pennsylvania
cabinet
Cash Flow:$753,000
EBITDA:$753,000
Gross Revenue:$2,180,000
Established Year:1999
BUSINESS DESCRIPTION

Business Has Grown Year Over Year Since Inception!

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BUSINESS HIGHLIGHTS

Founded in 1999, this highly reputable Pennsylvania based Company designs, builds, and installs premier cabinetry, closets, and organized storage systems for high-end new home builders, commercial clients, and homeowners. The Company’s top-of-the-line equipment allows for quality rapid construction of custom cabinetry solutions from traditional to elegant allowing for a diverse range of systems throughout the house or commercial application. By constantly delivering the perfect product and decades of experience have led to massive demand for their quality systems in the commercial and residential sectors.

The Company’s industry reputation and ability to deliver high-end cabinetry and organizing solutions has made them the “go-to” custom cabinetry company in Pennsylvania. The Company maintains a database of multiple home building companies and 200+ active accounts that results in a 65% rate of repeat business being split between new homes and refinishing projects.

The Company is run by an experienced, knowledgeable, and highly qualified team who stay up to date with the state-of-the-art technology solutions to always design and build the best solutions for their clients. The Company’s dynamic team has been a huge driver in the success and growth through a superior reputation for their extensive knowledge and ability to create the highest-level cabinetry and closets solutions. This team effort has led to organic demand for their services throughout the commercial and residential sectors.

INVESTMENT APPEAL

Superior Name and Reputation-- The Company has a 24-yr long-standing reputation for providing superior custom-made cabinetry and organized storage solutions by highly experienced professional staff at competitive prices.

Outstanding Growth Opportunities-- Given sufficient resources, the Company has opportunities to accelerate revenue and profit growth by expanding its customer base and repertoire of services, as well as implementing a more comprehensive sales and marketing strategy.

Recurring Revenue-- The Company’s revenue is primarily derived by reoccurring construction clients with 490 active accounts and is poised to be a huge service add on to any construction/mechanical, plumbing, and electrical company. No single customer accounts for more than 8% of the annual revenue. This Company has a 98% recompete rate on all its clients.

Significant Industry Expertise-- In addition to the management team’s extensive experience, many of the Company’s key employees are highly trained as interior designers and carpenters. This wealth of experience and knowledge provides the Company with considerable intangible assets and advantages over many competitors.

Management Will Remain Through Transition-- The Owners are willing to stay with the Company post-transaction in order to ensure a seamless transfer of ownership.

High Level of Recurring Revenue--Approximately 65% of the Company’s annual revenue is derived from New Home Builders.

Strong Outlook--Due to securing multi-year agreements, continual growth of client base, strong market demand, and an outstanding reputation, the Company’s revenue just surpassed $2.18 million in year 2023. Furthermore, adjusted operating profit (EBITDA) margin is $753 thousand (34% of sales) in 2023.

Facilities and Equipment-- The Company leases a 15,000 sq. ft. office and warehouse that will be transferred with the business. This facility is large enough for rapid expansion in the near-term. All Tools and Equipment will transfer with sale.


DETAILED INFORMATION
Location
Pennsylvania
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
15,000
Employees
11
Facilities
The Company leases a 15,000 sq. ft. office and warehouse that will be transferred with the business. This facility is large enough for rapid expansion in the near-term.
Support & Training
The Owners are willing to stay with the Company post-transaction in order to ensure a seamless transfer of ownership.
Reason for Selling
Retirement
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Mark
Shortz
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Mark Shortz