Listing ID: 79361
Manufacturing business. Great opportunity to acquire this unique and well-established business that specializes in Quality Custom Cabinets and Millwork. Located in one of the most affluent cities in booming SW Florida. For almost 2 decades this business has been the go-to provider for the highest quality Custom Cabinetry, Office units, bookcases, Entertainment systems, and many other custom projects. Their very high-end clientele gets nothing but the best product that one can purchase. Their team of nearly 25 Artisans provide their expertise in all areas of conceptual design, CAD plans, 3D renderings, and skill professional instillation. Tiered specialists and management in every phase of the business. The result is custom crafted product that meets the customer’s individual needs. Other Owner Benefits are one time expenses and other benefits that can be verified by the Seller. Benefits in the data source can be verified by the seller. SBA Lender Pre-Qualified with $662,000 Down Payment. Terms are Approximate.
- Asking Price: $4,300,000
- Cash Flow: $769,681
- Gross Revenue: $2,912,425
- EBITDA: N/A
- FF&E: $1,107,000
- Inventory: $24,000
- Inventory Included: Yes
- Established: 2011
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:10,250
- Lot Size:N/A
- Total Number of Employees:25
- Furniture, Fixtures and Equipment:N/A
SBA Lender Pre-Qualified
The venture was started in 2011, making the business 11 years old.
The transaction does include inventory valued at $24,000, which is included in the requested price.
The business has 25 employees and resides in a building with disclosed square footage of 10,250 sq ft.
The property is leased by the business for $7,920 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell companies. Nonetheless, the real factor vs the one they tell you may be 2 absolutely different things. For instance, they might state "I have too many various commitments" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might just be excuses to try to conceal the reality of changing demographics, increased competitors, recent reduction in revenues, or an array of various other factors. This is why it is very crucial that you not depend entirely on a vendor's word, however instead, make use of the vendor's response in conjunction with your general due diligence. This will paint an extra reasonable image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Numerous companies take out loans with the purpose of covering points such as inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can indicate that earnings margins are too thin. Many organisations fall into 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 building where the business resides. The business may have existing contracts with vendors that need to be fulfilled or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location bring in brand-new customers? Most times, operating businesses have repeat clients, which develop the core of their daily profits. Specific aspects such as new competition sprouting up around the area, road building, and staff turnover can impact repeat consumers and also adversely affect future profits. One essential thing to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the better the possibility to develop a returning consumer base. A last thought is the general location demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? Just how might the regional median household earnings effect future income potential?