Listing ID: 79354
An opportunity to acquire a nice cabinet workshop, fully equipped with plenty of machinery/tools which can produce cabinets, doors etc. for hotels, private homes etc. The workshop is housed close to a main highway and is within easy access to the Turnpike and I4. The seller is currently working on a number of substantial quotes for various sources. Good employees, nice office environment within the facility. The business offers a truck and fork lift as well as fully equipped manufacturing unit and office. Ideal for someone with a passion for carpentry. PRICE INCLUDES BUILDING
- Asking Price: $1,499,000
- Cash Flow: N/A
- Gross Revenue: $536,380
- EBITDA: $268,259
- FF&E: $120,000
- Inventory: $12,000
- Inventory Included: N/A
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
FULLY EQUIPPED MANUFACTURING UNIT WITH OFFICE
As the market is very buoyant, there is plenty of opportunity to quote for work.
New blood and enthusiasam will benefit the buyer as there is more than enough work to easily expand
The company was established in 2009, making the business 13 years old.
The sale doesn't include inventory valued at $12,000*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell operating businesses. However, the real factor and the one they tell you may be 2 totally different things. As an example, they may say "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these may simply be justifications to attempt to conceal the reality of transforming demographics, increased competition, current decrease in revenues, or a range of various other factors. This is why it is extremely important that you not rely absolutely on a seller's word, yet rather, make use of the vendor's response along with your overall due diligence. This will repaint an extra practical picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies borrow money so as to cover things like stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can indicate that revenue margins are too thin. Lots of organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that need to be satisfied or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract brand-new clients? Often times, businesses have repeat consumers, which form the core of their day-to-day revenues. Particular elements such as brand-new competitors sprouting up around the area, road building and construction, and also employee turn over can affect repeat customers and adversely influence future revenues. One important point to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Obviously, the more individuals that see the business often, the higher the opportunity to build a returning customer base. A last idea is the general location demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? Exactly how might the neighborhood average home earnings effect future revenue prospects?