38+ yr old; $1MM cash flow custom Cabinet Manufacturer

Los Angeles County, CA

Seller Financing Available
38+ yr old; $1MM cash flow custom Cabinet Manufacturer
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Asking Price: $2,950,000

Cash Flow: $1,063,159

Gross Revenue: $6,350,992

EBITDA: N/A

FF&E: $300,000

Inventory: $25,000

Rent: $10,342 /Month

Established: 1982

38+ yr old; $1MM cash flow custom Cabinet Manufacturer

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Business Description

Your chance to own a well-managed manufacturing business!

This is a great opportunity to own and manage an established business that includes strong cash flow and an experienced team of over 30 employees. The business manufacture’s and install’s cabinets to both a commercial and residential market. The majority of sales are commercial jobs for the largest General Contractors in Southern California. Consistent, quality work has maintained their top customers for over 10+ years. Additionally, they have a residential team that contracts for all types of homes. 95% of work is for renovation VS. new construction contributing to consistent sales each year! The manufacturing shop is a computerized, CNC based system allowing them to complete quality high volume work orders for the largest general contractors. They have a team of “In house” installers that allows them to manage the workflow and complete jobs on time. The current owners founded the company 38 years ago and still work in the business. They have many ideas how to expand the business for the new owner. The owners are looking forward to retirement but plan on training the new owner to help them succeed. Seller financing also available for the right buyer.

Detailed Information

Location:
Los Angeles County, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
10,000
Lease Expiration:
5/31/2021
Employees:
34
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in an industrial area with a 10,000 sq. ft facility
Growth & Expansion:
Owners will work with a buyer to discuss growth and expansion including increased sales & marketing initiatives. There's also opportunity for increasing capacity to produce more product.
Financing:
Seller may consider financing for a well-qualified buyer for a 4 year period.
Support & Training:
The owners will train the new owners on agreed amount time.
Reason for Selling:
Owners looking forward to retirement after 38+ years of operating the business
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Greg Martin

Business Listed By:
Greg Martin

KeyStone Business Advisors

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Sponsoring Broker:
Dave Richards

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