Hot Listing

Successful Suburb Custom Cabinet Manufacturer

Asking Price$2,661,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,428,991

Inventory$40,000
Included in asking price
FF&E$269,840
Included in asking price
Real Estate$1,391,000
Included in asking price
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Hot Listing

Successful Suburb Custom Cabinet Manufacturer


Asking Price$2,661,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,428,991

Inventory$40,000
Included in asking price
FF&E$269,840
Included in asking price
Real Estate$1,391,000
Included in asking price
Business Description
Successful Suburb Custom Cabinet Manufacturer
For over 45 years, this successful custom cabinet business located in a Twin Cities suburb has been creating quality cabinetry for the home. A bank has expressed an interest in financing the acquisition of this business and the real estate for a qualified buyer. Their cabinets are made for kitchens, baths, home offices, fireplaces & entertainment centers, bars, mudroom & laundries, hutches & furniture and built-in storage. Their process starts with understanding the customer's needs, creating the design that fills that need, drafting the cabinets and the design layout, constructing the cabinets with attention to detail and finally having skilled installers install these custom cabinets into the customer's home. Business works with both homeowners directly as well as contractors. There remains excellent opportunities for growth.
About the Business
Years in Operation
46
Employees
12 Full-time
Facilities & Assets
The business is located in a 10,700+ square foot building owned by the owner through a separate legal entity. The building houses the showroom, offices, design/drafting offices and the manufacturing floor where raw material is stored, the cabinets are made, and the finished products are stored until delivery. The building sits on the 2 1/2 acre lot with sufficient asphalt parking spaces for both customers and employees. The building was built in 1997 and is in excellent repair. The showroom was remodeled several years ago. For use of the building, the business pays rent to a separate business entity owned by the business owner. Approximately 700 square feet is rented out to another company who has been in that space for about 25 years.
Market Outlook / Competition
There are other custom cabinet making competitors within the surrounding area as well as across the Twin Cities of Minneapolis & St. Paul.
Opportunities for Growth
With their excellent reputation, there is great opportunity for continued growth. There is sufficient physical capacity in the building for growth and the hiring of additional production employees.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
10,700
About the Sale
Seller Motivation
The owner wishes to retire.
Transition Support
Will train for 2 weeks @ $0 cost.
Listing Info
ID
2542830
Listing Views
22

Listing ID: 2542830 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. See our full Terms of Use. Learn how to avoid scams.


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