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 | : | 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 | : | [email protected] | ||
| USA | Home Page | : | sunbeltofflorida.com |
Listed By: Greg Bell
Background information
Reference:
53530
Year established:
2008
Reason selling:
Retirement
Finance
Sales:
$3,193,165
Profits:
$571,121
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.