Status: Active
Custom Cabinet Business - Commercial/Residential, Kitchen & Bathroom - $315K SDE - Listing #: 55719
| Listing No: BBF-966-55719 | *May Qualify For Visa* |
| Category | : | Construction | SIC | : | 1751 | |
| Detail | : | Contractor Cabinets | Price | : | 549,000 | |
| State/Prov | : | Florida | Disc Earn | : | 315,116 | |
| Country | : | USA | Sales | : | 1,076,996 |
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Custom cabinet business specializing in commercial, residential, kitchen & bathroom cabinets. This business has been in operation for over fifty years and provides custom cabinets across the state of Florida to commercial and residential clients with many existing, repeat clients in various commercial industries to include medical practices & facilities etc. Excellent, long standing brand name and loyal client base. Business is priced to sell at $549,000 with annual Seller Discretionary Earnings of $315,116.00. This business has a substantial existing client base being well established in the area for over 50 years. They focus on high end custom, hand built cabinets that are designed & constructed for each specific client making them unique versus standard mainstream contractor cabinet companies. The Florida marketplace has extremely high demand for custom cabinet work based on demographics and the significant growth of the higher end housing market that has been seen in the region. The business currently operates out of an owned 4500 square foot facility. Lease terms are negotiable with the current owner of the building based on the new owners needs & requirements. Seller financing negotiable. |
| Reason for Sale | : | Retirement |
| General Location | : | Florida |
| Organization Type | : | Corp 'C' Hours Owner Works: 35 |
| : | Years Established : 52 Years Owned: 52 Emp FT: 7 Emp PT: 0 Mgrs: 1 | |
| Non Compete | : | Miles: 125 Years: 3 Weeks Training: 4 Cost: $0 |
| Operating dys/hrs | : | Monday through Friday 8.00am through 4.00pm |
| Skills/Licenses | : | General Contractors License |
| Business | : | Is Relocatable: Y Is Home Based: N Is a Franchise: N Is Lender P/Q: N May Qualify For Visa: Y |
| Data Source | P/L Statement | P/L Statement | P/L Statement | |
| Year (Cash Flow) | 2023 (N) | 2022 (N) | 2021 (N) | |
| Gross Revenue | 1,076,996 | 897,158 | 1,001,305 | |
| Cost of Goods | 608,700 | 589,969 | 659,768 | |
| Gross Profit | 468,296 | 307,189 | 341,537 | |
| Expenses | 280,093 | 282,656 | 171,816 | |
| Net | 188,203 | 24,533 | 169,721 | |
| Owner Salary | 0 | 0 | 0 | |
| Benefits | 0 | 0 | 0 | |
| Interest Expense | 1,164 | 2,487 | 3,748 | |
| Depreciation | 121,837 | 121,484 | 29,399 | |
| Other | 3,912 | 3,611 | 3,576 | |
| Discretionary Earnings | 315,116 | 152,115 | 206,444 |
| Accounts Rec | 0 | N* | Real Estate | 0 | N* |
| Inventory | 10,000 | Y* | ___________ | 0 | N* |
| F F & E | 266,922 | Y* | Total Assets | 276,922 | Y* |
| Leasehold | 0 | N* | *Included? |
| Lease/Month: 3,000 | Square Footage: 4,500 | Building Type: Commercial |
| Terms & Options: Lease Terms Negotiable | Expiration Date: 12/31/2024 |
| EDWARD BELL | Office | : | (855) 969-3534 | |
| ASSOCIATE | Agent Direct | : | (941) 667-1616 | |
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Fax | : | ||
| 2640 GOLDEN GATE PARKWAY, SUITE 204 | Cell | : | (941) 667-1616 |
| NAPLES, FLORIDA 34105 | : | [email protected] | ||
| USA | Home Page | : | sunbeltofflorida.com |
| The seller provides all data and financial information on this business for informational purposes only. The broker does not warrant the above information and advises the buyer to seek professional advice when purchasing a business. This offering by the seller is subject to change or withdrawal without notice. This information sheet has been prepared on a confidential basis exclusively for: |
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