Listing ID: 83392
This is a well-established cabinet and countertop store specializing in kitchen & bath design, sales and installation. Profitable with an excellent cash flow, this business would be perfect for a contractor looking for a showroom or a kitchen and bath designer looking to branch off on their own. From new installations to full-remodels, they work with both residential and commercial clients. The seller is moving out of state and is looking for the right person to take over. Subcontractors are in place if you’re a designer or if you’re a contractor, keep the extra profits for yourself.
Located on one of the busiest routes in Southern Maine, the highly visible, recently-renovated 1,800 square foot building has a showroom and three offices with plenty of parking and dozens of slabs of granite and quartz for extra visibility.
- Asking Price: $300,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $10,000
- Inventory: $20,000
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Recently renovated showroom with three offices, including a conference room
Seller will assure an easy transition
Moving out of state
There are many competitors, but the great reputation of this company makes it stand out.
2021 has been extremely busy! This is a very scalable business. Plenty of room for growth.
The company was founded in 2015, making the business 7 years old.
The sale won't include inventory valued at $20,000*, which ins't included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell companies. Nonetheless, the true factor and the one they say to you may be 2 entirely different things. As an example, they may say "I have a lot of various obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may just be excuses to attempt to conceal the reality of transforming demographics, increased competition, recent reduction in earnings, or an array of other factors. This is why it is extremely essential that you not depend completely on a seller's word, yet instead, make use of the vendor's response in conjunction with your total due diligence. This will repaint an extra practical image of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses take out loans so as to cover items like inventory, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can imply that revenue margins are too tight. Numerous businesses fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that should be fulfilled or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area bring in brand-new customers? Often times, operating businesses have repeat customers, which form the core of their day-to-day earnings. Specific aspects such as brand-new competitors sprouting up around the location, road construction, and staff turnover can impact repeat customers and adversely impact future earnings. One essential thing to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business often, the higher the opportunity to construct a returning customer base. A last idea is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the outside border of town? How might the regional typical home income impact future income potential?