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Property Included – Cabinetry Co and Storage Facility! (17909)
There are two income streams between the storage facility bringing an extra $30,000 of profit per month and the cabinetry business! Well-established within a desirable community in Northern California, the company has provided specialized cabinet manufacturing, design, carpentry, and quality installation for residential projects. Through their outstanding reputation, the business promotes a diverse product catalog offered through manufacturers, with items like cabinets, doors, countertops, garage doors and gates, vanities along with repair and maintenance services. Servicing the county and surrounding area for nearly three decades, the centrally located showroom, office, and production area total nearly 14,000 square feet. There are 230 storage units, in 30x200 SF buildings totaling 36,000 square feet with expansion room to add an additional 100 or more units. An experienced team of ten nonunion and cross-trained employees with management in place are likely to remain on board, continuing operations absentee of ownership post-sale with a standard transitioning as needed. Besides backed referrals via word-of-mouth from their large and recurring customer base, giant potentials exist by launching a website and engaging in social media and other aggressive marketing efforts to maximize outreach. As a debt-free business with Sales Projections reaching $2 Million for 2023, Revenues last year totaled $1,882,761 alongside Discretionary Earnings of $223,641! Benefited by a strong history, client ratings, and ability to handle extra capacity, its ideal flexibility for optimizations, from partnerships to distribution options, make it the optimal purchase for industry buyers. Based on an independent evaluation!
Listed By: Shane Hammond
Background information
Seller Number:
17909
Year established:
1970
Reason selling:
Approaching retirement.
Finance
Sales:
$1,882,761
Profits:
$223,641
Profit type:
Discretionary Earnings
Operations
Employees:
10 employees.
Equipment:
$542,910
Inventory:
$36,700
Premises
Facility:
Property valued at $6,500,000 and subject to appraisal comes included within the Asking Price.
Square footage:
36,000+/-
Location:
Operations can be run absentee of Ownership!
Opportunities
Market:
Referral Sources.
Price and terms
Price:
$7,100,000
Financing:
Standard SBA-term financing will be negotiable for qualified buyers.
Owner Transition:
A cross-trained personnel will remain with management in place after a standard acclimation period as needed.