Custom Commercial Cabinet & Millwork

Louisville, KY (Jefferson County)

Custom Commercial Cabinet & Millwork

Asking Price:$1,570,000

Cash Flow:$550,000

Gross Revenue:$2,300,000

EBITDA:$550,000

FF&E:$400,000

Inventory:$150,000*

Real Estate:$950,000*

Established:1984

*not included in asking price.

Custom Commercial Cabinet & Millwork

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Business Description

The company has operated for 32 years as a custom cabinet and millwork company under a well recognized name. The company provides quality custom casework to companies in various industries including healthcare, educational, hospitality and general offices. With its own inside design team, they work with the customer to custom design and build the casework and solid tops.

Located in Louisville, Kentucky near interstate highways, the company provides custom commercial cabinet and millwork throughout Kentucky, southern Indiana and northern Tennessee.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
N/A
Employees:
23
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company has a fleet of trucks and other equipment that is included in the sale. The company leases the office, fabrication facilities and warehouse space from a related third party owner of the company. The real estate is to be sold at an additional price with the purchase of the business. The real estate includes 1.3 acres of land and a 38,042 sq ft two-story building with a 3,074 sq ft basement.. The real estate has paved parking and truck access which is fenced with a chain link fence. The building includes approximately 4,100 sq ft of office space and 1,700 sq ft if showroom on the second floor. The manufacturing space consists of approximately 24,605 sq ft, approximately 4,228 sq ft shipping/receiving, and approximately 3,409 sq ft of storage area. The entire building has a wet sprinkler system. Ceiling heights range from 12' to 24". The property has two (2) drive-in and three (3) dock height overhead doors. The real estate is to be purchased separately for $950,000.
Competition:
The company has operated for 32 years as a custom cabinet and millwork company under a well recognized name. Most of the business are referrals and word of mouth based on their reputation established over the past 32 years. Owner is willing to work part-time for new owner for 1-2 to transfer relationships.
Growth & Expansion:
Growing economy will make 2016 revenues exceed 2015 by an anticipated 36% based on current results. The company has an $800,000 pipeline going into 2017
Support & Training:
Current owners are looking to retire but will stay one to transition business relationships and train new owner. With minimal advertising, most of the business are referrals and word of mouth based on their reputation established over the past 32 years. Owner is willing to work part-time for new owner for 1-2 years as negotiated primarily to transfer relationships. This is an ideal situation for a buyer to continue the business as it has been the past 32 years with the owner available to assist in the continued growth of the business.
Reason for Selling:
Founder ready to slow down to an eventual retirement

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Ben Jackson,CPA

Business Listed By:
Ben Jackson,CPA

Jackson + Metts Business Brokers

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