Asking Price: $1,500,000 Gross Revenue: $1,677,266Cash Flow: $243,634 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $20,317 included in asking priceFF&E: $250,000 included in asking priceReal Estate: $675,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
For almost 40 years, this successful custom cabinet business located in a Twin Cities suburb has been creating quality cabinetry for the home. 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.
About the Business
Number of Employees:
Building Sq. Ft.:
The business is located in a 10,700+ square foot building owned by the owners 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 recently remodeled. The business pays rent for use of the building. Approximately 700 square feet is rented out to another company who has been in that space for about 20 years.
There are other custom cabinet making competitors within the surrounding area as well as across the Twin Cities of Minneapolis & St. Paul.
Growth & Expansion:
The business have grown by about 9% a year over the last 5 years. A more active marketing effort, like additional advertising, attending home shows, etc. could create additional growth opportunity.
Will train for 4 weeks @ $0 cost. The custom cabinetry is finished with the wood species, stain, paint and door styles to compliment the customer's home. The company also partners with quality cabinet hardware and countertop providers. The qualified buyer will have the experience and skills to manage this custom cabinet manufacturing company. The current employees have sales, financial, design, drafting, manufacturing and installation experience and skills. The quality buyer will have the ability to compliment these employees. No particular license or certification is necessary to own this business.
Successful Suburban Custom Cabinet Manufacturer for Sale
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