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Custom Cabinet Door Manufacturer

Fort Lauderdale, FL (Broward County)

Custom Cabinet Door Manufacturer
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Asking Price: $399,000

Cash Flow: $133,359

Gross Revenue: $798,466

EBITDA: $133,359

FF&E: $135,000

Inventory: $20,000

Rent: $0.77 /Month

Established: 2004

Custom Cabinet Door Manufacturer

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Business Description

Established and tenured custom wood cabinet door manufacturer located in Ft. Lauderdale area. Showroom, great website, skilled craft-people and quality equipment have provided this establishment with staying power. Lots of opportunities to expand business and product offerings as shop can be utilized for additional product lines. Excellent reputation with large customer base. New work comes from referrals and long-term relationships. Current owner does not advertise. Reorganizing excess staff will enhance profitability. Turn key business. Owner is retiring and will train for smooth transition. Business should qualify for visa. Great books and records.

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Detailed Information

Location:
Fort Lauderdale, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
6,400
Lease Expiration:
9/1/2020
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Free standing warehouse facility in industrial area. Location is centrally located near major highways.
Competition:
Demand in the custom kitchen, custom cabinetry, furniture, closet and vanity industry is expected to experience a steady increase in demand. Home improvements of the baby boomers, coupled by the high growth of the South Florida market, should supply steady growth. With well maintained equipment, and an excellent base of operation, a savvy business person may be able to take this tenured opportunity to a new level. A new owner with previous experience and a working knowledge of sales and marketing might find this business the perfect fit. Creative marketing of the business should enable new revenue heights, as there are no territory limitations. Attention office executive, manager, banking executive, or other creative person stuck in an office - put your ingenuity, management skills and talents to use in your own business where you direct your future!
Growth & Expansion:
The cabinet and vanity manufacturing industry is expected to grow over the next five years. This is due to improving economic conditions which encourages consumers to spend monies on home improvement projects. The housing market recovery has flowed through to this industry sector. New housing construction is anticipated to continue to fuel the growth in demand for custom cabinets and customized wood work. The Fort Lauderdale employment market continues to outperform. The area's annual employment growth is well above the U.S. and a housing-market recovery is boosting job growth. Gains in the local economy, as well as population growth, are benefiting the local market and should be seen as a positive to business owners in the market.
Financing:
renewable
Support & Training:
Owner will provide two weeks of training. Additional support can be negotiated if desired.
Reason for Selling:
Retirement
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Lois Soowal

Business Listed By:
Lois Soowal

United Realty Group - Sunbiz Partners

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