Listing ID: 81380
A business of this quality is hard to find with owner pursuing other business interests. Best in Industry! Experienced and qualified cabinetry contractor performing new installation, tenant improvements, repairs, maintenance, and time & material projects. Room to grow – Huge Upside Potential – Could increase sales/profits by expanding and adding new products/services. Consistent sales/profit growth for years, exceptionally well established. 2022 Sales Surpassing 2021 with Over $3 Million in new work. SBA FINANCING AVAILABLE!
• Location: Las Vegas, Nevada
• Year Established: 2013
• Number of Employees: 20 Full Time (Licensees on Staff)
• Real Estate: Leased
• Building Sq. Ft.: 9,600
• Rent: $6,830 Per Month
• Reason for Selling: Other Business Ventures
• Training & Support: The Seller will provide 90 days of training and orderly turnover to the new owner over a period of 12 weeks after the close of escrow. Furthermore, the Seller will provide 90 Days of on call support for the Buyer. Additional training/consulting can be made available from the Seller, if required, for an additional fee.
For more information including a detailed confidential opportunity summary with financial information and photos, please call Tim Canale with Sunbelt Business Brokers at (702) 829-6254.
- Asking Price: $3,700,000
- Cash Flow: $870,000
- Gross Revenue: $3,500,000
- EBITDA: N/A
- FF&E: $615,000
- Inventory: $75,000
- Inventory Included: Yes
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:9,608
- Lot Size:N/A
- Total Number of Employees:20
- Furniture, Fixtures and Equipment:N/A
The Seller will provide 90 days of training and orderly turnover to the new owner over a period of 12 weeks after the close of escrow. Furthermore, the Seller will provide 90 Days of on call support for the Buyer. Additional training/consulting can be made available from the Seller, if required, for an additional fee
Other business ventures
The business was established in 2013, making the business 9 years old.
The sale shall include inventory valued at $75,000, which is included in the suggested price.
The business has 20 employees and is located in a building with estimated square footage of 9,608 sq ft.
The property is leased by the company for $6,830 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell companies. However, the genuine factor and the one they tell you may be 2 totally different things. As an example, they may state "I have a lot of other commitments" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these may just be reasons to attempt to hide the reality of altering demographics, increased competition, recent reduction in incomes, or a variety of other factors. This is why it is very crucial that you not rely completely on a seller's word, but instead, make use of the seller's answer in conjunction with your general due diligence. This will paint an extra realistic image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money with the purpose of covering items like supplies, payroll, accounts payable, etc. Remember that occasionally this can imply that revenue margins are too small. Lots of companies fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that have to be satisfied or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in new consumers? Most times, businesses have repeat clients, which develop the core of their day-to-day revenues. Particular elements such as brand-new competitors sprouting up around the area, roadway construction, and employee turn over can influence repeat clients and also adversely influence future incomes. One essential thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the better the chance to build a returning consumer base. A last thought is the basic area demographics. Is the business located in a largely populated city, or is it situated on the outskirts of town? Just how might the neighborhood median home income influence future earnings prospects?