Business Overview

This well-established cabinet company organizes all of the storage areas of the home. Areas include closets, garages, mudrooms and laundry rooms.

Design/Construction experience not required. Training will be provided.

The company has earned an outstanding reputation for high quality products, expert installations, and fully customizable designed offerings. Their design experience and software and manufacturing facility deliver results that lead to very satisfied customers and a high volume of referrals and repeat business. Relationships with builders and interior designers produce a large amount of referral business.

Financial

  • Asking Price: $895,000
  • Cash Flow: $393,000
  • Gross Revenue: $1,157,000
  • EBITDA: N/A
  • FF&E: $68,500
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2016

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:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

800 square foot showroom and 2000 square foot warehouse.

Is Support & Training Included:

Full training is provided. Sellers will stay on to ensure a smooth transition.

Purpose For Selling:

Looking for new adventures

Pros and Cons:

Very few businesses like these in Southern Maine.

Opportunities and Growth:

One part of the business they don't market is garage flooring solutions. It's a huge untapped market with great returns.

Established Franchise:

This Business Is An Established Franchise

Additional Info

The venture was founded in 2016, making the business 6 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell businesses. Nevertheless, the true reason and the one they tell you might be 2 entirely different things. For instance, they may claim "I have way too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might just be reasons to try to conceal the reality of altering demographics, increased competition, recent decrease in profits, or a range of various other reasons. This is why it is extremely crucial that you not depend entirely on a seller's word, but rather, use the seller's answer together with your general due diligence. This will repaint a more practical image of the business's current situation.

Existing Debts and Future Obligations

If the current business is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies finance loans so as to cover points like stock, payroll, accounts payable, etc. Remember that in some cases this can suggest that earnings margins are too thin. Many companies fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that need to be fulfilled or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area attract brand-new clients? Often times, operating businesses have repeat customers, which develop the core of their daily earnings. Particular aspects such as brand-new competition growing up around the area, roadway construction, as well as employee turnover can affect repeat clients and negatively affect future revenues. One crucial point to consider is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the better the possibility to develop a returning customer base. A last thought is the general area demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? Exactly how might the regional median home income impact future revenue potential?