Printer



Active

15 year Custom Cabinetry Business with Growing Revenue


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 :  174,034  
Country :  USA Sales :  1,916,343  

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 laready 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:  0.00
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 Tax Return Tax Return  
Year (Cash Flow) 2022 (N) 2021 (N) 2020 (N)    
Gross Revenue 1,916,343 1,787,642 3,310,105  
Cost of Goods 1,354,363 1,314,624 2,290,340  
Gross Profit 561,980 473,018 1,019,765  
Expenses 426,577 409,176 491,915  
Net 135,403 63,842 527,850  
Owner Salary 26,000 130,000 159,000  
Benefits 2,600 16,278 -6,103  
Interest Expense 105 284 2,625  
Depreciation 9,926 1,462 20,865  
Other 0 0 0  
Discretionary Earnings 174,034 211,866 704,237  

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: 2,448 Square Footage: 2,000 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 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 :   [email protected]  
USA Home Page :   sunbeltofflorida.com

 



Listed By: Greg Bell

Background information

Reference:

53530

Year established:

2008

Reason selling:

Retirement

Finance

Sales:

$1,916,343

Profits:

$439,136

Profit type:

Discretionary Earnings

Operations

Employees:

2 full time employees. Design Assistant responsibilities include meeting with customers, CAD design, pricing and order processing. The Field Supervisors responsibilities include managing sub contract installers, field layouts, scheduling job site deliveries, overseeing job site deliveries, running misc. parts to job sites, punch work and light installation

Inventory:

Inventory is included.

Furniture fixtures and equipment:

All FF&E is included.

Premises

Facility:

Showroom and office space

Square footage:

2000

Rent and lease terms:

Current rent is $2448.00 per month with a 1 year option

Location:

SWFL

Opportunities

Growth:

Opportunities for growth included additional office or sales personnel. An additional opportunity with bringing

Market:

Market is strong with more people moving to the area everyday and many neighborhoods in the area going through a remodeling cycle.

Price and terms

Price:

$1,500,000

Down payment:

$1,500,000

Financing:

Seller is willing to discuss a note for the right offer and right buyer

Training:

Owner is willing to train for up to 4 weeks at no cost.