Listing ID: 84133
Outstanding business opportunity to purchase a thriving and growing Kitchen Cabinet Retailer in business for 8+ years and located on the Boston South Shore. This business has codified a very profitable process acting as the managing interface between the home owner clients and the responsible installation contractors. They have developed and instituted systems for the initial design process, the order process, and overall project management. These systems not only ensure quality customer service and well-designed kitchens, but could also provide a basis for further continued location expansion if desired.
- Asking Price: $4,500,000
- Cash Flow: N/A
- Gross Revenue: $8,170,000
- EBITDA: $1,405,697
- FF&E: $350,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:14
- Furniture, Fixtures and Equipment:N/A
Two attractive design center showrooms, as well as a warehouse and logistics business and a workshop and materials storage facility all located on the South Shore. All locations have reasonable leases that can be transferred.
Owners will stay on for a negotiated period to train and transfer relationships.
The managing team and staff are experienced in the industry and are successfully supporting the current high-growth. They have developed process systems to support the planned for continued future growth of 15% or more per year.
The company was founded in 2013, making the business 9 years old.
The company has 14 employees and resides in a building with disclosed square footage of N/A sq ft.
The real estate is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell companies. However, the true factor and the one they say to you may be 2 completely different things. As an example, they might say "I have way too many other commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might just be reasons to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in profits, or a variety of other factors. This is why it is extremely vital that you not rely totally on a seller's word, however rather, make use of the vendor's answer together with your overall due diligence. This will paint an extra realistic picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses finance loans with the purpose of covering items such as supplies, payroll, accounts payable, and so on. Remember that occasionally this can mean that revenue margins are too small. Many companies come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that need to be met or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract new clients? Often times, operating businesses have repeat customers, which develop the core of their daily revenues. Certain aspects such as brand-new competition sprouting up around the area, road building, as well as employee turnover can influence repeat clients and negatively affect future profits. One important point to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business regularly, the greater the opportunity to build a returning customer base. A final idea is the general location demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? How might the regional typical house earnings effect future income potential?