Profile: Custom Commercial (80%) And Residential (20%) Cabinet Millwork Shop!
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Ad/Listing Information
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| Financial Information |
Detailed Information |
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| Asking Price: |
$295,000 |
| Down Payment: |
$295,000 |
| Annual Revenue: |
$679,200 |
| Annual Adjusted Net: |
$140,000 |
| Price Range: |
$250,001 to $500,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
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Description:
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Custom Commercial (80%) And Residential (20%) Cabinet Millwork Shop Specializing In Mid To High-End Product. Revenues For The First Half Of The Year Exceeded The Total For 2006. Having Operated For Over 50 Years, The Company Has Long-Term Relationships With Several General Contracting Firms. Repeat And Referral Business Accounts For 75% Of Revenues. The Clean And Well Equipped Facility Is Located In An Upscale Business Center In Southwest Riverside County. The Owner Has Made Considerable New Equipment Investments In The Past Year.
Margins Are Good And The Books And Records Are Clean. The Recent Addition Of A Paint Booth Will Add Revenues In Two Ways - The Company Can Now Finish Their Cabinets And Can Do Sub-Contract Finish Work For Other Cabinet Shops. Recent Hire Of A Former Owner As A Commissioned Salesperson Is Expected To Greatly Increase Revenues In 2008.
Ideal Buyer Would Be A Contractor, Estimator Or Builder; Or A Home Improvement Company Who Wants To Add Cabinets To Its Product Line.
General Information
Year Established: 1955
Employees: 4 Full Time With Monthly Payroll Of 13,700
Facility: 6,000 Square Feet At A Total Lease Cost Of 4,375/Month, Expiring In November, 2009
Price Includes: Furniture, Equipment And Tenant Improvements. 20’gmc Box Truck. Inventory Of Approximately 4,500 Not Included.
Support/Training: Seller Will Provide Training.
Reason Selling: Health Issue
Asking Price: 295,000
Gross Revenues: 679,200
Seller’s Discretionary Earnings: 140,000
For More Information On This Business Opportunity, Please Contact D. Joe Atchison At 951/277.4002, Ext. 303 Or J.Atchison@sunbeltnetwork.Com.
Disclaimer: The Above Information Is Provided By The Seller. Neither Sunbelt Business Brokers Of Riverside Nor Its Agents Have Confirmed, Verified Or Audited Any Information Provided By The Seller And Broker Makes No Representation As To Its Completeness, Accuracy Or Reliability. Due Diligence Efforts Are The Responsibility Of The Buyer. Broker Encourages Buyer To Engage Competent Legal, Accounting And Other Professional Service Providers To Evaluate This Business.
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