Great Business in Thriving Market with Real Estate Available
This custom cabinet manufacturer has been servicing the market for over four decades. The owner has been preparing for the sale of the business, so the employees and subcontractors are in place to allow a new owner a very easy transition. The customer base includes high end custom homeowners and builders requiring expert craftsmanship, which this company delivers. Pipeline of business is full and ready for the new owner to enjoy profitability from day one. 4-year average discretionary earnings is $427,832k... even with tough pandemic situation. Starting out 2022 at a record pace! Annualized SDE exceeds $550k! Real estate is also available for purchase in one of the fastest growing markets in the state.
The business began as a one-man operation. Through the years the business expanded and ultimately grew into the existing location with manufacturing, show room, and administrative offices in a prime location. The real estate is available for sale! Expert craftsmanship has always been a trademark of this company and continues to this day with a stellar reputation and a very solid loyal customer base of high-end builders, designers and homeowners.
Through hard work, persistence and talent, the owner has taken the family business and created a world class custom cabinet company with a reputation as one of the industry leaders through design and manufacture of exclusive fine cabinetry for discerning individuals and businesses. Through ethics and integrity, they have focused on attention to every detail, personal supervision from conception, layout and design, building and installation, and they have added continued success and accolades year after year.
The quality craftsmanship and service are highly sought after and in demand. Clients wait in line to have work done by this manufacturer.
The existing shop has the capacity to roughly double its existing business. Word of mouth has been the only advertising method ever utilized. Digital and social media advertising could help drive exponential growth especially with the expected population growth of approximately 1500% in the next 25 years in this area of North Carolina.
Financial Information
$1,700,000
Asking Price
$524,812
Cash Flow
$1,767,471
Gross Revenue
On request
Down Payment
Business Location
City:
Wake County
State:North Carolina
Reason for Sale
The owner has spent his life working in his business and taking care of his family. He is in his sixties and wants to spend more time taking care of personal interests.
Detailed information
Year Established:1993
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 5
Part-Time Employees:2
Contractors:N/A
Owner Worked Hours/w:N/A
Inventory Included: No
Monthly Rent:
$4,000
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
$750,000
Building Size: 6500
FF&E Included?: Yes
FF&E Value: $342,831
Training/Support
The owner will train up to 8 weeks at no cost if needed.
Facilities
Very well maintained 6500 sq. ft. on 1.5 acres. Very close to a major highway and close to several major cities.
Market Outlook/Competition
The business is in a high growth area and is close to high end homes that would need their custom services. The factory has been expanded recently to prepare for increased sales.
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