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Northern California Custom Cabinet Manufacturer With Huge Growth Potential - SC2183
Northern California Custom Cabinet Manufacturer With Huge Growth Potential - SC2183
Asking Price: $499,000
Cash Flow: $100,000
Gross Revenue: $800,000
Down Payment: $499,000
This Northern California based Custom Cabinet Manufacturer is a California Sub-Chapter S Corporation that has been in operation for the past 42 years. They have been creating beautiful factory direct cabinets since 1980. They are dedicated to proper planning with careful attention to budget, a one – two combination that produces stunning results for the client who is remodeling a kitchen or building a new home. This company believes there is no substitute for complete communication and attention to detail at the start of the project, to give you the best value in the products and service you deserve.
City: Northern California
State: California
The reason for selling is that the Sellers are looking to retire.
Year Established: 1982
Home Based: No
Franchise: No
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 3
Part-Time Employees: 1
Contractors: N/A
Owner Worked Hours/w: 25
Adjusted EBITDA: $100,000
Inventory Included: Yes
Inventory Value: $25,000
Monthly Rent: $8,000
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value: On request
Building Size: 8000
FF&E Included?: Yes
FF&E Value: $250,000
The Seller is willing to provide training for 4 weeks at 20 hours per week. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller.
Demand for cabinets in the US is forecast to rise 3.1% annually to $26.5 billion in 2026. Growth will be driven by increases in unit demand, as prices for lumber and associated wood materials (the most popular materials for cabinets) moderate significantly from inflation- and supply chain-related highs in 2021 and 2022.
They operate out of a 8,000 square foot manufacturing space, and they also have 1,100 square feet of loft inside of the building. The rent is currently at $8,000 per month on a NNN lease. The Seller does own the building and property, and it may be available for sale dependent upon the needs of the Buyer and the Lender.
NV 1003039
Listed By: Myrtel Lapuz
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Background information
Reference:
SC2183
Year established:
1982
Reason selling:
The reason for selling is that the Sellers are looking to retire.
Finance
Sales:
$800,000
Profits:
$100,000
Operations
Employees:
Full-Time Employees: 3 Part-Time Employees: 1 Contractors: N/A
Equipment:
FF&E Included?: Yes FF&E Value: $250,000
Inventory:
Inventory Included: Yes Inventory Value: $25,000
Furniture fixtures and equipment:
FF&E Included?: Yes FF&E Value: $250,000
Premises
Facility:
Real Estate Description They operate out of a 8,000 square foot manufacturing space, and they also have 1,100 square feet of loft inside of the building. The rent is currently at $8,000 per month on a NNN lease. The Seller does own the building and property, and it may be available for sale dependent upon the needs of the Buyer and the Lender. Real Estate Available: Yes Real Estate Included: No Real Estate Value: On request
Square footage:
8000
Rent and lease terms:
Monthly Rent: $8,000
Location:
City: Northern California State: California
Opportunities
Growth:
Growth will be driven by increases in unit demand, as prices for lumber and associated wood materials (the most popular materials for cabinets) moderate significantly from inflation- and supply chain-related highs in 2021 and 2022.
Market:
Demand for cabinets in the US is forecast to rise 3.1% annually to $26.5 billion in 2026. Growth will be driven by increases in unit demand, as prices for lumber and associated wood materials (the most popular materials for cabinets) moderate significantly from inflation- and supply chain-related highs in 2021 and 2022.
Price and terms
Price:
$499,000
Down payment:
$499,000
Financing:
Seller financing is not available at this time.
Training:
The Seller is willing to provide training for 4 weeks at 20 hours per week. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller.