Business Overview

Commercial Cabinet Company, Price $1,800,000:
Commercial cabinet company with primary focus on multi-family facilities. Current concentration is on condominiums and high-end apartment buildings. Well run with a long-standing reputation of exceptional service and quality work. Most projects are completed in Georgia and throughout the southeast. Over 3+ million backlog in place. Excellent growth potential with expansion into the residential market or addition of complementary services. Owner is ready to retire, but willing to discuss staying on after the sale. Real Estate is available for sale separately.

Financial

  • Asking Price: $1,800,000
  • Cash Flow: $392,462
  • Gross Revenue: $2,970,960
  • EBITDA: N/A
  • FF&E: $50,000
  • Inventory: $20,000
  • Inventory Included: Yes
  • Established: 1995

Detailed Information

  • 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
About The Facility:

Facility available for separate sale. Not included with the sale of the Business.

Is Support & Training Included:

Negotiable

Purpose For Selling:

Retirement

Additional Info

The venture was founded in 1995, making the business 27 years old.
The deal will include inventory valued at $20,000, which is included in the listing price.

Why is the Current Owner Selling The Business?

There are all types of reasons why people resolve to sell operating businesses. Nevertheless, the real factor vs the one they say to you might be 2 entirely different things. For instance, they might state "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might simply be justifications to try to conceal the reality of changing demographics, increased competition, recent reduction in revenues, or a range of other factors. This is why it is extremely important that you not depend entirely on a seller's word, yet rather, make use of the vendor's solution together with your total due diligence. This will repaint a more sensible image of the business's current situation.

Existing Debts and Future Obligations

If the existing business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses take out loans so as to cover things like stock, payroll, accounts payable, and so on. Remember that in some cases this can imply that profit margins are too thin. Many businesses fall 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 think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that have to be fulfilled or might cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area attract brand-new clients? Most times, operating businesses have repeat consumers, which form the core of their daily profits. Particular aspects such as new competition growing up around the area, roadway construction, as well as employee turn over can influence repeat clients as well as negatively affect future earnings. One crucial thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business regularly, the greater the possibility to build a returning customer base. A last thought is the general area demographics. Is the business situated in a largely populated city, or is it located on the edge of town? Exactly how might the regional average family earnings impact future income prospects?