Active
10 Year Cabinetry Business with Exclusive Lines
| Listing No: BBF-966-53889 | |
| Category | : | Construction | SIC | : | 1751 | |
| Detail | : | Contractor Cabinets | Price | : | 650,000 | |
| County | : | Lee | Down | : | 650,000 | |
| State/Prov | : | Florida | Disc Earn | : | 119,431 | |
| Country | : | USA | Sales | : | 906,724 |
|
This business has specialized in high end custom cabinetry for 10 years. They take clients ideas and turn them into reality. From inital consultation and design to walk through after installation they have created some of the most beautiful kitchens and bathrooms in SWFL. They saw a downturn during COVID due to supply chain issues but the business has bounced back nicely in 2023 with supply chains no longer being an issue and lead times returning to normal. |
| Reason for Sale | : | RETIREMENT |
| General Location | : | SWFL |
| Organization Type | : | Corp 'Sub S' Hours Owner Works: 40 |
| : | Years Established : 10 Years Owned: 10 Emp FT: 1 Emp PT: 0 Mgrs: 0 | |
| Non Compete | : | Miles: 150 Years: 3 Weeks Training: 2 Cost: 0.00 |
| Operating dys/hrs | : | M-F 9-5pm |
| Skills/Licenses | : | General Business |
| Business | : | Is Relocatable: Y Is Home Based: N Is a Franchise: N Is Lender P/Q: N May Qualify For Visa N |
| Data Source | P/L Statement | P/L Statement | P/L Statement | ||
| Year (Cash Flow) | 2022 (N) | 2021 (N) | 2020 (N) | ||
| Gross Revenue | 906,724 | 960,270 | 1,136,124 | ||
| Cost of Goods | 570,666 | 574,040 | 529,364 | ||
| Gross Profit | 336,058 | 386,230 | 606,760 | ||
| Expenses | 222,935 | 170,578 | 113,555 | ||
| Net | 113,123 | 215,652 | 493,205 | ||
| Owner Salary | 0 | 0 | 0 | ||
| Benefits | 3,667 | 0 | 0 | ||
| Interest Expense | 0 | 0 | 0 | ||
| Depreciation | 2,641 | 2,641 | 2,736 | ||
| Other | 0 | 0 | 0 | ||
| Discretionary Earnings | 119,431 | 218,293 | 495,941 |
| Accounts Rec | 0 | N* | Real Estate | 0 | N* |
| Inventory | 0 | N* | ___________ | 0 | N* |
| F F & E | 50,000 | Y* | Total Assets | 50,000 | Y* |
| Leasehold | 0 | N* | *Included? |
| Lease/Month: 3,500 | Square Footage: 3,000 | Building Type: Business Condo |
| Terms & Options: 1 year with options | Expiration Date: 3/31/2024 |
| Loan/Assumable | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/Seller | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/Other | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 |
| GREGORY T. BELL | Office | : | (239) 849-9334 | |
| ASSOCIATE | Agent Direct | : | (913) 226-7735 | |
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Fax | : | ||
| 2640 GOLDEN GATE PARKWAY, SUITE 204 | Cell | : | (913) 226-7735 |
| NAPLES, FLORIDA 34105 | : | [email protected] | ||
| USA | Home Page | : | sunbeltofflorida.com |
Listed By: Greg Bell
Background information
Reference:
53889
Year established:
2013
Reason selling:
Retirement
Finance
Sales:
$906,724
Profits:
$276,304
Profit type:
Discretionary Earnings
Operations
Employees:
1 full time employee that assists with installations.
Equipment:
All equipment is included in asking price.
Inventory:
The business does not carry inventory. Cabinet lines are exclusive to this business and manufactures website pushes customers to them.
Furniture fixtures and equipment:
All FF&E is included in purchase price and a list is available upon request
Premises
Facility:
3000 sq ft of showroom, offices, and warehouse
Square footage:
3000
Rent and lease terms:
The rent is $3500.00 per month that renews in March with 1 year options
Location:
Southwest Florida
Opportunities
Growth:
Opportunities for growth include increasing staff and using more digital marketing with improved SEO
Market:
There is competition in the market for cabinetry but this business offers high end exclusive lines that very few businesses can match or even carry. The market in the SWFL area continues to accelerate with new residents and many remodeling cycles going on in the community. Hurricane Ian has also moved the timeline up for many clients that were impacted. The market for SWFL looks strong for many years to come.
Price and terms
Price:
$650,000
Down payment:
$650,000
Financing:
The seller is open to discussing a small seller note for the right buyer and the right offer
Training:
Sellers are willing to train and transition. Period of time can be discussed.