Custom Cabinet Shop
Seller Financing Available
Asking Price:   $960,300Inventory:   $10,000 ++
Gross Revenue:   $504,000Real Estate:   $665,000 ++
Cash Flow:   $125,000FF&E:   $98,000 ++
++ included in the asking price         ** not included in the asking price
Since 1984, this Custom Cabinet business had been providing quality services to higher end homes and businesses. They manufacture and install the cabinets they sell. The business has actually never done any significant advertising and all of their work comes to them mostly through referrals. Their cabinets have many different applications including: kitchens, bathrooms, bar/recreation rooms and commercial applications. Most of the current work they do is residential. The business operates out of a 15,000 square foot facility that has an office area of about 1,200 square feet. The shop is loaded with all of the equipments and supplies to manufacture the cabinets. The owner of the business actually meets with clients and prepares estimates and drawings for the job. When the work order is signed, the job is sent to the shop and is completed by the two full time workers. The owner also has a part-time administrative support person that assists him in the office. If you are a carpenter who views his work as an art, this business is for you. The sale includes the real estate, equipment, inventory and everything else needed to keep the business going. The last reported revenue is slightly over $500,000 which generates cash flow over $100,000. The real estate was recently appraised at $665,000. The current staff would be willing to stay on and the current owner will provide transition support as required.
About the Business
Year Established:1984
Employees:2 full time - 1 part time
About the Sale
Reason For Selling:Retirement
Seller Financing:Possible

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Re: BizQuest ID:972480
Seller ID:ET-091510-1464
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Business Listed By
Paul R. Smith  |  Summit Business Brokers of Michigan
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