Custom Cabinet Manufacturer with Real Estate

VA

Seller Financing Available
Seller Financing Available
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Asking Price: $620,000

Cash Flow: $217,000

Gross Revenue: $672,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Custom Cabinet Manufacturer with Real Estate

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Business Description

Located in Hampton Roads Region

After being in business for over 25 years, the owner of this custom cabinet business is ready to retire. The company is well-established in the region and has an excellent reputation. The company has shown consistent growth over the last several years. The business covers a broad geographical area within Hampton Roads and has historically worked for both residential and commercial customers. The business currently has an excellent mix of customers and works for both builders as well as directly for homeowners. In addition, the company is not overly dependent on any particular customer or client. As a whole, the cabinet industry has shown significant growth over in recent years and forecasts are looking favorable.
The business has a number of unique capabilities, product lines, etc. that give it a competitive edge over other cabinet builders in the area. The business is also well-staffed with qualified and experienced employees. The company does not advertise beyond having a website and has many repeat clients. Most of the company's clients come through word of mouth. The owner has chosen not to grow the business as he has been approaching retirement age, but has identified a number of ways to increase sales if desired by a buyer. The facilities and equipment are large enough to accommodate significant growth.
The business is being sold with the real estate that includes a modern shop and beautiful showroom. The business should qualify for SBA financing and a qualified buyer should be able to purchase this business with an approximate down payment of 10% to 15% of the total purchase price. Cash flow includes real estate rental payments that will not be required with the acquisition of real estate. Seller will cooperate with reasonable SBA owner financing requirements.

Upon the execution of an NDA, a detailed memorandum can be provided to potential purchasers describing the business.

Bearing Tree Advisors, Inc. has not independently verified any of the information included herein and makes no representations, either expressed or implied, as to the accuracy or the completeness of such information, or as to any conclusions drawn by a potential buyer resulting from the use of or reliance upon this listing.
Any representations and/or warranties to be made by the company shall only be made in writing in an executed definitive purchase agreement, which agreement shall control as to representations and warranties. The purpose of this listing is to provide basic information about the company. A potential buyer should conduct its own due diligence investigation and confirm any and all information presented herein.

Detailed Information

Employees:
5
Facilities:
The facilities are well designed to support the operation and the building is centrally located in the area where works if performed. The building is well equipped with all the modern machinery and equipment to run the operation and also has a beautiful built-out showroom.
Competition:
There are other cabinet makers in the area, but this is one of the few that delivers true high-end custom cabinetry.
Growth & Expansion:
Many avenues available for growth and expansion.
Support & Training:
The seller is committed to helping a new owner achieve success and will provide significant post-sale training and consultation.
Reason for Selling:
Retirement
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Scott Reichle

Business Listed By:
Scott Reichle

Bearing Tree Advisors

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