Business Overview

SBA Pre-Qualified. Acquire this business for as little as $50k down. Cash flow could be over $175k AFTER debt service!

Growth Opportunity is huge! Current owner just takes in enough to keep himself busy. Easily scaled!

This is an opportunity to acquire an exclusive distributorship covering all of Chicagoland and suburbs for one of the most well-known brands in garage cabinets. This brand is known for its unique high-quality powder coated finish and off the floor installation.

The owner has his marketing dialed in to where he controls his lead flow and costs. It’s all done through one avenue and easily scaled by turning up ad spend. currently booked 2+ months out, which is as far out as he is comfortable with.

Current owner sells, designs (using proprietary software from the garage cabinet company), and then oversees installs using his own crew. Easily scaled model if an owner was to put multiple install crews on the road. Current install crew will consider continuation with new owner. New owner should be prepared to have an in house crew or subcontractors. Basic finish carpentry skills are all that’s needed.

The supplier also has an interior closet cabinets line if an owner wished to expand into that market.

If you send an inquiry, you will receive and automated email requesting an NDA. Once that NDA is signed, I will send you a buyers packet and we can connect to discuss further!

Financial

  • Asking Price: $625,000
  • Cash Flow: $247,597
  • Gross Revenue: $797,061
  • EBITDA: N/A
  • FF&E: $20,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2005

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:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Work from home, the owner has a box truck (goes with sale) that he uses to pick up jobs from the factory and delivers them right to the jobsite. The new owner could lease a small warehouse/office to stage jobs if desired. Or a retail storefront.

Is Support & Training Included:

Owner will stay onboard to ensure a successful transition

Purpose For Selling:

Retirement

Pros and Cons:

There is competition in this space, but none with a product as superior as this.

Opportunities and Growth:

Currently only using 1 marketing channel and that provides more leads than the owner can handle. Very scalable for someone that doesn't desire to be on every job.

Additional Info

The business was started in 2005, making the business 17 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons people decide to sell companies. However, the genuine factor vs the one they tell you may be 2 entirely different things. For instance, they may claim "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may just be justifications to try to hide the reality of changing demographics, increased competitors, recent reduction in revenues, or a range of other reasons. This is why it is really essential that you not rely entirely on a vendor's word, yet rather, utilize the seller's answer along with your total due diligence. This will repaint a much more reasonable image of the business's existing circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Lots of companies take out loans in order to cover points such as inventory, payroll, accounts payable, etc. Bear in mind that sometimes this can mean that revenue margins are too tight. Many companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that have to be fulfilled or might cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location draw in new customers? Many times, companies have repeat customers, which form the core of their day-to-day earnings. Certain variables such as new competitors growing up around the area, roadway building, as well as staff turnover can influence repeat clients and also negatively influence future incomes. One important thing to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the greater the chance to build a returning customer base. A last thought is the basic area demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? How might the regional mean family earnings effect future revenue prospects?