Active
Thriving Cabinetry Contractor with Grand Future! (37835)

Opened since 1996, strong financials are reflected with current Year-to-Dates already up 16% from 2021, thanks to recent organic growth of new county developments and a rising local population. Situated in Southeast Florida, the company provides custom design and installations of manufactured cabinetry for individual residences, such as home offices, garage storage systems, wall unit & media centers, and higher quality closets. Company carries a ten-year written warranty, high ratings, and successful business models of full payment, primarily upon job completion, catering to both Commercial (10%) and Residential (90%) work. With no consumers making up more than 4% of the annual income, prime opportunities to expand exist through an ideal buyer with a sales team, as company enjoys multiple strategic flexibilities. Reliable personnel of twelve nonunion employees are most likely to remain post-purchase and continue owner-involved operations after a standard transitioning period of twelve months. Listing includes $4K in Receivables (sales are C.O.D.) and projects further Sales in 2023, as Revenues for 2022 reached $2,396,107 next to Discretionary Earnings of $632,329 and EBITDA’s of $526,971. Their warehousing facility measures 3,700 square feet, holds a renewable tenancy, is found in excellent condition, and is zoned to handle additional capacity. Property comes complete with client reception and meeting areas, offices for sales, administration, and design, as well as space for manufacturing, storage of materials, and project preparations. Apart from a website and online marketing via social media, other promotion efforts center on magazine adverts and referrals from their client base fully backed by a superior service.
Listed By: Steve Caimano
Background information
Seller Number:
37835
Year established:
1996
Reason selling:
Approaching retirement and/or pursuing other interests.
Finance
Sales:
$2,396,107
Profits:
$632,329
Profit type:
Discretionary Earnings
Operations
Employees:
12 nonunion.
Equipment:
$15,000
Inventory:
$25,000 - $35,000
Premises
Facility:
Leased.
Square footage:
Approaching retirement and/or pursuing other interests.
Price and terms
Price:
$2,495,000
Financing:
Negotiable up to 20% for the right buyer.
Owner Transition:
Standard period of 12 months.