Custom Millwork Shop

Sedgwick County, KS

Big Well Museum Reception Desk
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Asking Price: $497,999

Cash Flow: $154,816

Gross Revenue: $447,775

EBITDA: $126,218

FF&E: $95,000

Inventory: $7,500

Rent: $1,400 /Month

Established: 1998

Custom Millwork Shop

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Business Description

Commercial Cabinet Manufacturing Opportunity

Excellent opportunity for established commercial cabinet manufacturing business serving south central Kansas with a DIY residential website with a national reach. Great reputation with all general contractors in the area. Use of CNC machine allows us to manufacture parts for other cabinet shops in the area plus our commercial and residential work.

Currently over $130,000 in contracts included in the sale will carry the business for 4-5 months. This work includes pre-design projects, design-build projects, and residential work through the website.

We're a family owned business established 20 years ago providing commercial cabinetry in our area with a reputation of quality workmanship and great service. Strong family values have cultivated great relationships with clients.

Our area is expanding at several local colleges, industrial factories & an air force base which is leading to exponential growth to schools, restaurants, residential housing and retail shopping areas. This is leading to growth potential for commercial cabinetry.

Attached Documents


Detailed Information

Location:
Sedgwick County, KS
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,200
Lease Expiration:
7/31/2019
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Furniture, fixtures and equipment including 4 office computers, CNC machine, 2 edgebanders & numerous hand tools are valued at $95,000 and included in the purchase price. Machinery is maintained in excellent condition. Inventory is generally ran as JIT (just in time) purchased for the project at hand keeping overhead expenses low increasing cash flow. Only debt on the books is current accounts payable & will be paid before business transfers. Current AR profits are approximately $30,000 & will pass to new owners. Facility is leased, 3,200 SF
Competition:
Local major industries including an air force base are expanding as well as several universities in the area which is generating growth to schools, housing, restaurants, office & retail shopping areas. Word of mouth & reputation are our main advertisement for the local market. If Website positioned better could generate more work Our competition is small with only 3-5 other millwork shops in operation in the area. Our great reputation with the general contractors in the area opens up many opportunities sent our way that aren't put up for general bi
Growth & Expansion:
* Continued work with local general contractors is essential to this business. There's more work offered that we don't have time for. Expansion of work force or shop facility could accommodate more work. * We also don't have the time to work the DIY website as it should be. We miss a lot of work there due to lack of attention to inquiries. This could blossom into more work enhancing the national reputation. This would also enhance a more recession proof source of income since not all areas of the country experience recession at the same time.
Support & Training:
Office Manager / Co-owner can step away immediately at closing. Project Manager / Co-owner willing to provide consultation services for 1-3 months as necessary for smooth transition.
Reason for Selling:
Retirement
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Business Listed By:
Not Disclosed

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