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Designer Cabinets w/Real Estate

| Asking Price: | $200,000 | Inventory: | $10,000 ++ |
| Gross Revenue: | $300,000 (comments below) | Real Estate: | $300,000 ** |
| Cash Flow: | $65,000 (comments below) | FF&E: | $280,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2008 | |||
| Cash Flow Comments: 2 year average | |||
Manufacturer of custom residential cabinetry. Combines artistry and craftsmanship with cutting-edge technology to create cabinets designed to meet client specifications. Attention to detail, impeccable service, timely delivery and a premiere product have won the company an excellent reputation and a solid customer base. Company generated an average revenue of $400,000 from 2005-2007. In 2008 the firm experienced a revenue slowdown which mirrored the housing market, primarily due to a major contract that was discontinued because of lost financing (as a result of the November credit melt-down).
Target buyers: an individual buyer with entrepreneurial energy and management skills; or a firm seeking to expand its market while gaining a well-designed facility with excess capacity. Solid history, excellent reputation, strong future.
Target buyers: an individual buyer with entrepreneurial energy and management skills; or a firm seeking to expand its market while gaining a well-designed facility with excess capacity. Solid history, excellent reputation, strong future.
About the Business
Year Established:1997
Employees:3 full time -
Facilities:5700 sq ft intelligently-designed shop and office, asphalt parking lot on 2.5-acre landscaped site near major highway; full-line current technology wood production equipment; CNC router is under-utilized - firm has equipment and space to double production without additional capital outlay.
Market Outlook and Competition:Normal competition. Growth/Expansion: Company has mix of new construction and remodeling clients, both residential and commercial.
About the Sale
Management Training and Support:Will train for 4 weeks. Would consider working with buyer as consultant or employee.
Reason For Selling:Owner is good at start-up---firm needs additional expertise for mid-term growth. Owner wants to reduce his stress.
Seller Financing:Would consider some seller-financing.
KEYWORDS: cabinetry, St. Cloud, Minnesota, custom cabinets, home construction, wooden cabinets, kitchen cabinets, remodeling
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