Status: New
Cabinet & Countertop Business in Hot Market - Listing #: 57382
Category | : | Construction | SIC | : | 1751 | |
Detail | : | Contractor Cabinets | Price | : | 700,000 | |
County | : | Confidential | Down | : | 700,000 | |
State/Prov | : | Florida | Disc Earn | : | 212,558 | |
Country | : | USA | Sales | : | 1,490,000 |
Established custom cabinet and counter business that has a proven track record for over 20+ years. This business has shown growth YoY since inception, without any advertising or marketing. Business relies heavily on word of mouth and reputation and it show! The business offers custom cabinetry and countertops, remodels with installation and assembly. CAD modeling/templating is done for measuring the job, job is order, cabinets are either in stock or orders are placed and received within days, job is scheduled and then complete. All payments are collected before the job is complete. Work outside of the business location is all Contracted. This is a unique opportunity as this business CAN be run absentee is so desired. Floor manager and office manager are capable of handling a good amount of the work. Most jobs are received and bid via email and communication is mostly done via phone or email. Seller even has proprietary Quartz designs not available to any other business and all accounts are 100% transferable with Vendors/Suppliers. Value is based on a 3 year average. However, given the business benefited from Hurricane Ian in 2022, 2023 was weighted lower when calculating the value of this business. As you will see, the consistency of the business for 2022 and 2024 are within acceptable parameters and the business can shows this consistent trend from years forward as well.
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Reason for Sale | : | Retire - Move |
General Location | : | SWFL |
Organization Type | : | Corp 'Sub S' Hours Owner Works: 40 |
: | Years Established: 15 Years Owned: 25 Emp FT: 5 Emp PT: 1 Mgrs: 1 | |
Non Compete | : | Miles: 100 Years: 5 Weeks Training: 4 Cost: $0 |
Operating dys/hrs | : | M-F 7am-3:30pm |
Skills/Licenses | : | Business, GC or qualifier |
Business | : | Is Relocatable: N Is Home Based: N Is a Franchise: N Is Lender P/Q: N Should Qualify For Visa: Y |
Data Source | P/L Statement | Tax Return | ||
Year (Cash Flow) | 2024 (N) | 2023 (N) | (N) | |
Gross Revenue | 1,490,000 | 2,356,008 | 1,259,709 | |
Cost of Goods | 859,184 | 1,584,961 | 852,339 | |
Gross Profit | 630,816 | 771,047 | 407,370 | |
Expenses | 460,067 | 491,548 | 301,145 | |
Net | 170,749 | 279,499 | 106,225 | |
Owner Salary | 0 | 0 | 0 | |
Benefits | 0 | 0 | 0 | |
Interest Expense | 0 | 0 | 0 | |
Depreciation | 0 | 22,107 | 28,912 | |
Other | 41,809 | 24,515 | 25,400 | |
Discretionary Earnings | 212,558 | 326,121 | 160,537 |
Accounts Rec | 0 | N* | Real Estate | 0 | N* |
Inventory | 165,000 | Y* | Assets and Equipment | 108,500 | Y* |
F F & E | 10,000 | Y* | Total Assets | 283,500 | Y* |
Leasehold | 0 | N* | |||
*Included? |
Lease/Month: 3598 | Square Footage: 5200 | Building Type: Warehouse |
Terms & Options: Negotiable | Expiration Date: 12/31/2026 |
JASON BROOKS | Office | : | (855) 969-3534 | |
ASSOCIATE | Fax | : | ||
Home | : | |||
SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Cell | : | (239) 357-7073 |
2640 GOLDEN GATE PARKWAY, SUITE 204 | ||||
NAPLES, FLORIDA 34105 | : | jbrooks@sunbeltnetwork.com | ||
USA | Home Page | : | sunbeltofflorida.com |