Status: Sold
15 Year Cabinetry Business with Growing Revenue - Listing #: 53530
| Listing No: BBF-966-53530 | |
| Category | : | Construction | SIC | : | 1751 | |
| Detail | : | Contractor Cabinets | Price | : | 1,500,000 | |
| County | : | Collier | Down | : | 1,500,000 | |
| State/Prov | : | Florida | Disc Earn | : | 571,121 | |
| Country | : | USA | Sales | : | 3,193,165 |
|
This custom cabinetry business was established in 2008 and have been serving happy clients for 15 years. The owner began the business after a successful career in sales and cabinetry design to better serve high end clients in SWFL. They provide design and installation services for kitchen, bathroom, and other specialty cabinetry. The business has historically good revenue and net with the exception of 2022-21 seeing a downturn due to personal circumstances. 2023 revenue is exceeding the 2020 revenue and returning to historic levels. They are already booking business into 2024. Custom cabinetry in the area is in high demand and with a large remodeling cycle happening the business has a bright future for a new owner. |
| Reason for Sale | : | RETIREMENT |
| General Location | : | SWFL |
| Organization Type | : | 'LLC' Hours Owner Works: 40 |
| : | Years Established: 15 Years Owned: 15 Emp FT: 2 Emp PT: 0 Mgrs: 0 | |
| Non Compete | : | Miles: 150 Years: 5 Weeks Training: 4 Cost: $0 |
| 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 Should Qualify For Visa: N |
| Data Source | P/L Statement | P/L Statement | Tax Return | |
| Year (Cash Flow) | 2023 (N) | 2022 (N) | 2021 (N) | |
| Gross Revenue | 3,193,165 | 1,916,343 | 1,787,642 | |
| Cost of Goods | 2,183,369 | 1,354,363 | 1,314,624 | |
| Gross Profit | 1,009,796 | 561,980 | 473,018 | |
| Expenses | 492,619 | 426,577 | 409,176 | |
| Net | 517,177 | 135,403 | 63,842 | |
| Owner Salary | 26,000 | 26,000 | 130,000 | |
| Benefits | 12,701 | 2,600 | 16,278 | |
| Interest Expense | 105 | 105 | 284 | |
| Depreciation | 15,138 | 9,926 | 1,462 | |
| Other | 0 | 0 | 0 | |
| Discretionary Earnings | 571,121 | 174,034 | 211,866 |
| Accounts Rec | 0 | N* | Real Estate | 0 | N* |
| Inventory | 5,000 | Y* | ___________ | 0 | N* |
| F F & E | 25,000 | Y* | Total Assets | 30,000 | Y* |
| Leasehold | 0 | Y* | |||
| *Included? |
| Lease/Month: 2448 | Square Footage: 2000 | Building Type: industrial |
| Terms & Options: 1 year with options | Expiration Date: 2/28/2024 |
| 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 BELL | Office | : | (855) 969-3534 | |
| ASSOCIATE | Fax | : | ||
| Home | : | |||
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Cell | : | (913) 226-7735 |
| 2640 GOLDEN GATE PARKWAY, SUITE 204 | ||||
| NAPLES, FLORIDA 34105 | : | gbell@sunbeltnetwork.com | ||
| USA | Home Page | : | sunbeltofflorida.com |