Cabinet Shop - Asset Sale
| Asking Price: | $70,000 | Inventory: | |
| Gross Revenue: | Not Disclosed | Real Estate: | n/a |
| Cash Flow: | Not Disclosed | FF&E: | $100,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This cabinet shop, active both in the commercial and the residential market, has been successfully earning the owner a good living for 22 years, 12 at the present location. The owner, however, is ready for a change and wishes to sell all his equipment, the company name (with its good-will), as well as the customer list to an interested cabinet maker or investor. There are two skilled carpenters working at the shop, who are likely to remain in the event of a sale. The equipment included in this asset sale is all in very good condition and mostly quite new. It has been meticulously maintained. It includes a sliding saw (Felder) with automatic Tiger fence, an edgeband saw, a complete paint booth, an assortment of sanders (including an AEM 37”), joiners, routers, Maggi esdgeband saw, Powermatic table saw, compressor, a Castle line bore machine and a lifetime collection of tools and small equipment needed for quality manufacturing. In spite of the extensive equipment, the layout is such that additional volume can easily be generated, as there is ample space to pass more business through this shop. Combined with a very central and convenient location in San Diego County, and a good lease and excellent landlord, this is a great opportunity for a carpenter looking to establish his business with a turn-key shop and with a well recognized name in the industry to help maintain the flow of business. The present owner has split his business between contractors (30%) and individuals (70%), but recognizes that in today’s difficult environment, he should develop the government and military part of the business.
About the Business
Year Established:1987
Employees:3 full time -
Facilities:2,000 sq ft of manufacturing space, including office; the lease of the space has an additional years duration ( $ 1.00/sq ft)
Market Outlook and Competition:Long standing business specialized in cabinetry and renovations. The equipment has all been carefully maintained and is all in excellent condition.
The main opportunity lies in leveraging the good name and reputation of the business, while increasing its exposure through careful marketing and advertising. There has been little to no effort made in entering other business segments such as government (including military) which would nicely complement the present customer base, while protect the business from drastic economic changes.
About the Sale
Management Training and Support:2 weeks at 35 hrs/week
Reason For Selling:owner wishes to become employer, rather than owner
Attached Files - Attachment Disclaimer
| Paint booth | |||
| Sliding saw including automatic Tiger fence | |||
| Table saw |
KEYWORDS: cabinet, cabinetry, woodwork, carpentry
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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