Successful and Recession Adverse Cabinetry Manufacturer
| Asking Price: | $325,000 |
| Gross Revenue: | $458,163 |
| Rent: | $4,000/Month |
| FF&E: | $185,000 |
| Cash Flow: | $120,052 |
| Inventory: | $60,000 |
| EBITDA: | $98,329 |
| Established Year: | 2000 |
In 2024 sales have ramped up to $50K per month with a robust pipeline. To better accommodate demand, the Company has purchased an additional $7K boring lool.
This excellent company is a specialty manufacturer, provides both production runs and custom wood cabinetry that are built, finished and installed for general contractors in commercial and home new construction/home renovation. Further there are many remodels underway in both categories as well. The company also works directly with end user consumers who value well-made, quality products.
On the commercial front, the company builds cabinets for commercial building contractors, landlords and tenants such as medical clinics, for example, and for commercial tenant improvements.
The delightful product mix is an impressive array of production and custom cabinetry in assorted woods that are finished by this business as well as other pieces on occasion including bookcases, entertainment centers, serving centers, and libraries among others.
Research indicates that the demand for cabinetry continues to rise. On the commercial front, more now than ever, landlords and tenants want cabinetry that personalizes and fits in well with their commercial spaces and especially in medical buildings where leases are strong and in high demand..
On the residential front, U.S. kitchens will continue to claim a large share of square footage in new housing as well as in remodels, boosting demand for cabinets and kitchens which are the largest segment. Custom made kitchens and cabinetry have been on the rise for the past several years. Builders will install more cabinets in these rooms such as in kitchen islands, pull out drawers for storage, and for food preparation appliances and will offer added lighting to provide aesthetically pleasing solutions.
The team is capably trained through effective management and the employees are productive. The Production Manager oversees operations and provides the Seller with the peace of mind to be off premises and to go away on vacations. For flexibility the team is currently comprised of two FT and two PT employees. The installers are sub-contractors.
Note that the successful buyer can work under the construction license of the seller. Further a construction license is unnecessary as independent subcontractors install the cabinets when desired.
The business is located in Northern California in an accessible and business-centric area. This facility provides the company with an appreciably lower cost of living than that of the increasingly unaffordable, gridlocked and space constrained Bay Area and other high rent areas. . The location is within driving range of the Sacramento Region as well as beautiful Lake Tahoe and Truckee.
Q1 Sales are on an upswing and the Owner has a robust and expanding pipeline of further client work
