30 Yr Old; Profitable; Commercial Custom Cabinet Mfg; Huge Growth!!

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Profitability! Growth Opportunity!! Founder Retiring after 30+ years!!
Asking Price:
$820,000

Gross Revenue:
$1,163,000
Cash Flow:
$249,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
$200,000
included in asking price

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Business Description

REPUTATION REPUTATION PROFIT PROFIT!! A chance for you to be
your own boss and run a 30 year old Commercial Custom Cabinet
Manufacturer with CONSISTENT PROFITABILITY. Known for its detailed
DESIGN, QUALITY, ON-TIME DELIVERY and INSTALLATION which equals
great customer satisfaction and REPEAT CUSTOMERS (approximately
70% of sales)!!! Customers always know what they are getting through
computerized shop drawings and 3D renderings. The production
facility has a trained and long-tenured staff that utilizes ADVANCED
CNC MACHINERY which allows for incredible precision and quick turnaround. To date the company works mostly in the GROWING
HEALTHCARE industry (approximately 40% of revenue) with
HOSPITALS, MEDICAL OFFICES, DENTAL OFFICES but also has done
work in EDUCATION, HOSPITALITY AND COMMERCIAL markets. LOTS
OF GROWTH POTENTIAL!! A new owner can quickly grow the business
by continuing to expand into the residential market (currently only
approximately 20% of revenue) as well as grow relationships in the
commercial, hospitality and education markets to supplement the
mainstay healthcare related business but this market is growing and is
expected to continue to do so for the next 20 years! Currently the
company has sold its products all over California without any outside
sales people and the current owner believes that hiring sales people
around the major metropolitan areas can significantly increase
revenue and profits. The current owner is the Founder of the Company
and is retiring. The current owner owns the building and will give a
new owner a great long-term lease!! The current is willing to train a
new owner and even stay on in a supportive role with reduced hours if
the new owner desires. Owner financing is available and will be
evaluated on an offer by offer basis. REPUTATION, CONSISTENT
PROFITS, TRAINED STAFF, LOTS OF GROWTH POTENTIAL!! THIS BUSINESS WON'T LAST LONG!!

About the Business

Location:
Los Angeles County, California
Year Established:
1989
Number of Employees:
6
Real Estate:
Leased
Building Sq. Ft.:
4,000
Rent:
$4,900.00 Per Month
Lease Expiration:
6/1/2025
Facilities:
All facilities and equipment in either excellent or good condition.
Market Outlook/
Competition:
LOTS OF GROWTH POTENTIAL!! A new owner can quickly grow the
business by continuing to expand into the residential market (currently
only approximately 20% of revenue) as well as grow relationships in
the commercial, hospitality and education markets to supplement the
mainstay healthcare related business but this market is growing and is
expected to continue to do so for the next 20 years! Currently the
company has sold its products all over California without any outside
sales people and the current owner believes that hiring sales people
around the major metropolitan areas can significantly increase
revenue and profits.
Growth & Expansion:
30 year track record and focusing on the growing industry of
Healthcare. Other smaller competitors but very very few have the
track record of this company
Contact the Seller

About the Sale

Reason For Selling:
Retirement
Training/Support:
Yes owner will train and potentially stay on depending on new buyers
needs and desires
Seller Financing:
Up to 50% depending on the offer

Listing Info

ID:
1643332
Ad Detail Views:
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Sponsoring Broker:

Toby Barker
BBDC


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