Listing ID: 76537
This Denver based company has over 50 years in the custom cabinetry, furniture, and kitchen market. The company manufactures custom furniture and cabinetry for the high-end residential resort communities of Vail and Aspen, and along the front range from Denver to Ft. Collins. The business employs 10 full time employees and the owner participates in the business on a full-time basis. Inquire for more details.
Asking Price: $420,000
Training & Transition: 60 days included in sales price
Reason for Sale: Retirement
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- Asking Price: $420,000
- Cash Flow: $171,627
- Gross Revenue: $1,571,832
- EBITDA: N/A
- FF&E: $293,800
- Inventory: N/A
- Inventory Included: N/A
- Established: 1972
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
One story, brick building with 10,750 sqft.
The business was established in 1972, making the business 50 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell operating businesses. However, the genuine reason vs the one they say to you may be 2 completely different things. For instance, they may claim "I have way too many various commitments" or "I am retiring". For many sellers, these reasons stand. However, for some, these may simply be excuses to try to conceal the reality of altering demographics, increased competition, recent decrease in revenues, or a range of other factors. This is why it is very important that you not count totally on a seller's word, however instead, use the vendor's solution along with your overall due diligence. This will repaint a much more reasonable image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans in order to cover points like stock, payroll, accounts payable, etc. Remember that sometimes this can mean that profit margins are too small. Lots of organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that must be satisfied or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in brand-new clients? Most times, companies have repeat consumers, which develop the core of their day-to-day revenues. Particular factors such as new competitors growing up around the location, road building, and also staff turnover can affect repeat consumers as well as adversely impact future incomes. One important point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the higher the opportunity to construct a returning customer base. A last idea is the general area demographics. Is the business placed in a largely populated city, or is it located on the edge of town? How might the regional average household earnings influence future income prospects?