Kitchen Design and Cabinetry - Upscale Coastal Area

SC

Kitchen Design & Cabinetry
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Asking Price: $385,000

Cash Flow: $145,000

Gross Revenue: $631,623

EBITDA: $95,000

FF&E: $80,000

Inventory: N/A

Established: N/A

Kitchen Design and Cabinetry - Upscale Coastal Area

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Business Description

Very well established Kitchen and Bath Design and Cabinetry Company in very upscale high income area offered at 2.3 times average cash flow for last two years..
Profits and revenues are showing nice growth year over year. Location is in a high level demographic, Business is evenly balanced between remodel and new construction. The company sells and installs kitchen and bath cabinetry at all price points, but primarily medium to high end. Customer service is excellent and the company has many, many years of history and a fabulous reference base as well as a great reputation. Priced at slightly over a 2 multiple of 2017 cash flow. Accounting is good and the company has solid growth pattern.

Detailed Information

Employees:
2 + 4 1099's
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Leasehold is showroom, office, and warehouse. Long (or short) lease or purchase available at new owner's option.
Competition:
Company is long time in area, well known, great references, and has very competitive lines at all price points. Market is excellent with high need for both re-modeled kitchens and new construction.
Growth & Expansion:
Company can easily be grown as desired by new owner to include expanding the current minimal web presence to include ad words, social media, SEO, etc. as well as hiring one or more additional sales persons.Notably the labor is 1099 long time sub-contractors for install, bookkeeping, etc. thus not in employee count above,
Support & Training:
As needed, 30 days included in price
Reason for Selling:
Retire
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John Rommerdale

Business Listed By:
John Rommerdale

J. Rommerdale & Company

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