| Asking Price |
$391,000 | Inventory |
|
|---|---|---|---|
| Gross Income |
$323,792 | Real Estate |
$216,000* |
| Cash Flow |
$105,802 | Year Established | 1985 |
| FF&E |
N/A | Employees | 3 |
* included in the asking price
** not included in the asking price
During a time when most cabinet companies are experiencing slowdowns, this company has had a long term strategy of diversifying itself across the commercial and residential markets. The seller's strategy has paid off by helping to maintain consistent sales and growth trends. Manufacturing quality cabinets and countertops, they have maintained great working relationships with the areas best know quality commercial and residential contractors. Included in the sale is the company's 4000 sq ft manufacturing facility located on two acres approximately 15 minutes West of Olympia. The seller has earned an excellent reputation and is committed to a successful transitional period. If you are looking for a successful, South Sound business that includes income producing real estate, this opportunity could be for you. Inquire today!
Facilities: Operating out of a well maintained 4000sq ft facility, the building holds everything needed for the business. Office space with showroom as well as shop and finishing spaces. The facility sits on a total of two acres, three quarters of which is currently undeveloped and could be a potential home site, or with a variance, additional commercial space. The business actually pays itself rent that produces a net income of about $25k to the seller.
Competition: There was a lot of competition until recently. The construction 'slowdown' has actually been a great benefit to this business as many of their competitors have gone away. This company has had a long tradition of being diversified throughout both the residential and commercial markets. Having maintained strong working relationships with the area's best known and well respected contractors has helped them thrive during a period where most cabinet manufacturers are experiencing flat sales. 2009 and 2010 look like they'll be stable years for this business.
Growth/Expansion: The seller currently markets by word of mouth. Growth definitely could be had by actually marketing the company at Chamber or Trade Association meeting etc. With other cabinet companies dropping away, now would be a good time to fill the gap. As an economic recovery seems to be on the horizon, this is an ideal time to take advantage of this companies position.
Financing: Seller will finance part with qualilfied buyer.
Support/Training: Seller will provide training and introduction to client base for a smooth transition.
Reason Selling: Seller's are planning on eventually moving out of state.

Wes Martin
253-851-8525
Sharp Commercial, LLC
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