Reputable Kitchen & Bathroom Design and Remodel Biz in Ventura County

Ventura County, CA

Reputable Kitchen & Bathroom Design and Remodel Biz in Ventura County
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Asking Price: $720,000

Cash Flow: $347,987

Gross Revenue: $1,950,000

EBITDA: N/A

FF&E: $50,000

Inventory: $3,600

Established: 2001

Reputable Kitchen & Bathroom Design and Remodel Biz in Ventura County

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Business Description

One of only a few high end, top quality custom cabinet shops in the Ventura County area, supplying custom cabinetry to homeowners. Established in 1974, business is consistently profitable with all sales coming from referrals and repeat customers. The business designs, customizes and installs high end custom cabinetry represents well known lines.

Cabinetry products are made for all areas of the home, including kitchens and bathrooms.

Detailed Information

Location:
Ventura County, CA
Inventory:
Included in asking price
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business operates out of a 12,500 sq. location that has a very visible showroom, offices and small shop and warehouse. They have occupied the premises since 2001 and are on excellent terms with the landlord. Owners are confident the landlord will be happy to negotiate a long-term lease with a new owner. The owner estimates that there is approximately $50,000 of fair market value equipment in the facility, which is included in the purchase price. The equipment is well maintained and in good to excellent condition.
Growth & Expansion:
Development of an improved website and associated SEO campaign would broaden the market and increase exposure and opportunity. And if the business hired an additional salesperson they would increase their market. Currently all of their business comes from referrals and repeat customers and no attempt has been made to expand their market
Support & Training:
The owners are committed to ensuring a smooth and successful transition to the new owner. They will introduce the Buyer to all of the key customer and vendor relationships and train the Buyer in the management responsibilities of the business. The owners are willing to train a new owner for 8 weeks at up to 25 hours per week.
Reason for Selling:
Owners want to retire
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Lutz Lehmann

Business Listed By:
Lutz Lehmann

KeyStone Business Advisors

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Sponsoring Broker:
Dave Richards

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