Thriving Cabinetry Contractor with Grand Future! (37835)

Boca Raton, FL

Seller Financing Available

listing image
Asking Price:$2,495,000
Gross Revenue:$2,396,107
EBITDA:$526,971
Established Year:1996
Cash Flow:$632,329
Inventory:$35,000
FF&E:$15,000
BUSINESS DESCRIPTION

Opened since 1996, strong financials are reflected with current Year-to-Dates already up 16% from 2021, thanks to recent organic growth of new county developments and a rising local population. Situated in Southeast Florida, the company provides custom design and installations of manufactured cabinetry for individual residences, such as home offices, garage storage systems, wall unit & media centers, and higher quality closets. Company carries a ten-year written warranty, high ratings, and successful business models of full payment, primarily upon job completion, catering to both Commercial (10%) and Residential (90%) work. With no consumers making up more than 4% of the annual income, prime opportunities to expand exist through an ideal buyer with a sales team, as company enjoys multiple strategic flexibilities. Reliable personnel of twelve nonunion employees are most likely to remain post-purchase and continue owner-involved operations after a standard transitioning period of twelve months. Listing includes $4K in Receivables (sales are C.O.D.) and projects further Sales in 2023, as Revenues for 2022 reached $2,396,107 next to Discretionary Earnings of $632,329 and EBITDA’s of $526,971. Their warehousing facility measures 3,700 square feet, holds a renewable tenancy, is found in excellent condition, and is zoned to handle additional capacity. Property comes complete with client reception and meeting areas, offices for sales, administration, and design, as well as space for manufacturing, storage of materials, and project preparations. Apart from a website and online marketing via social media, other promotion efforts center on magazine adverts and referrals from their client base fully backed by a superior service.
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DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Property measuring 3,700+/- square feet is Leased. Business can be Relocated!
Financing
Negotiable up to 20% for the right buyer.
Support & Training
Standard Owner Transition period of 12 months.
Reason for Selling
Approaching retirement and/or pursuing other interests.
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Brian Stephens
IAG Merger
Brian Stephens