Listing ID: 77469
Located in the heart of the Coachella Valley, this company offers complete service of design, manufacture and installation of custom cabinetry solutions.
This is a top quality provider of custom cabinetry. All aspects of a custom project are delivered with high touch customer service with CAD design, CNC manufacturing, and expert installation.
Sales are growing rapidly and margins are high due to best quality machinery and professional experts at all stages of the project.
The business is SBA loanable for the right buyer and some seller financing may be available.
Contractor C-6 or B contractors license is needed.
- Asking Price: $1,750,000
- Cash Flow: $802,559
- Gross Revenue: $3,290,158
- EBITDA: N/A
- FF&E: $418,700
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:6,980
- Lot Size:N/A
- Total Number of Employees:17
- Furniture, Fixtures and Equipment:N/A
The venture was founded in 2008, making the business 14 years old.
The transaction shall not include inventory valued at $5,000*, which ins't included in the listing price.
The business has 17 employees and is situated in a building with estimated square footage of 6,980 sq ft.
The property is leased by the company for $7,329 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell companies. However, the true factor vs the one they say to you might be 2 completely different things. As an example, they may state "I have too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. But, for some, these may just be justifications to attempt to hide the reality of transforming demographics, increased competitors, current decrease in earnings, or a range of various other reasons. This is why it is extremely essential that you not rely completely on a vendor's word, but instead, use the vendor's solution in conjunction with your total due diligence. This will repaint an extra practical image of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Numerous companies borrow money so as to cover things such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can suggest that earnings margins are too tight. Numerous companies come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that must be fulfilled or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract new clients? Often times, companies have repeat consumers, which form the core of their daily revenues. Certain factors such as new competitors sprouting up around the location, roadway building and construction, and employee turn over can affect repeat consumers and also negatively affect future incomes. One essential thing to consider is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the better the chance to build a returning client base. A last thought is the general area demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? How might the regional median home earnings effect future earnings prospects?