Status: Sold
Profitable Cabinet Refacing Company - Listing #: 48190
| Category |
: |
Construction |
SIC |
: |
1751 |
|
| Detail |
: |
Cabinet Resurfacing |
Price |
: |
1,150,000 |
|
| County |
: |
Collier |
Down |
: |
115,000 |
|
| State/Prov |
: |
Florida |
Disc Earn |
: |
358,198 |
|
| Country |
: |
USA |
Sales |
: |
3,502,810 |
|
|
This business is mostly sales and marketing-based while subbing out the hard stuff. (Installation and engineering designs) The operation is based in affluent Naples, FL where the average customer lives in a a multi-million dollar customer home. This Company's focus is on designing and building creative spaces with a focus on functionality. In addition to new kitchens and bathroom, the Company installs beautiful custom cabinets, angled shelving, drawers, and may other small projects for unique spaces. 80% of the work is refinishing kitchens and bathrooms with new solid wood doors
|
| Documents on File |
: |
Equipment List: Y Lease: N Corp Resolution: Y |
| |
: |
Cash Flow: N Balance Sheet: N |
| |
: |
Standard Agreement: N Signature on File: Y |
| Showing Remarks |
: |
CALL BROKER TO SCHEDULE A VISIT OR ZOOM CALL |
| Reason for Sale |
: |
Retirement |
| General Location |
: |
Naples, FL |
| Organization Type |
: |
Corp 'Sub S' Hours Owner Works: 40 |
| |
: |
Years Established: 26 Years Owned: 26 Emp FT: 6 Emp PT: 2 Mgrs: 1 |
| Non Compete |
: |
Miles: 5 Years: 100 Weeks Training: 4 Cost: $0 |
| Operating dys/hrs |
: |
Monday-Friday 8:00 - 4:00 |
| Skills/Licenses |
: |
Cabinet Millwork License |
| Business |
: |
Is Relocatable: N Is Home Based: N Is a Franchise: N Is Lender P/Q: Y Should Qualify For Visa: Y |
| Data Source |
P/L Statement |
P/L Statement |
P/L Statement |
|
| Year (Cash Flow) |
2022 (N) |
2021 (N) |
2020 (N) |
|
| Gross Revenue |
3,502,810 |
2,841,466 |
2,003,573 |
|
| Cost of Goods |
2,384,954 |
1,651,471 |
1,254,863 |
|
| Gross Profit |
1,117,856 |
1,189,995 |
748,710 |
|
| Expenses |
818,134 |
845,097 |
617,687 |
|
| Net |
299,722 |
344,898 |
131,023 |
|
| Owner Salary |
48,000 |
54,000 |
54,000 |
|
| Benefits |
0 |
0 |
0 |
|
| Interest Expense |
0 |
0 |
0 |
|
| Depreciation |
4,476 |
6,482 |
9,108 |
|
| Other |
6,000 |
-64,558 |
-59,558 |
|
| Discretionary Earnings |
358,198 |
340,822 |
134,573 |
|
| Accounts Rec |
0 |
N* |
Real Estate |
0 |
N* |
| Inventory |
150,000 |
Y* |
___________ |
0 |
N* |
| F F & E |
280,000 |
Y* |
Total Assets |
430,000 |
Y* |
| Leasehold |
0 |
N* |
| *Included? |
|
| Lease/Month: 5380 |
Square Footage: 4700 |
Building Type: C5 Commercial |
| Terms & Options: New long-term lease avail |
Expiration Date: 5/24/2024 |
| Lender Pre-Qualified Project Summary |
| Acquisition Costs |
Down Payment and Financing |
| Purchase Price |
1,150,000 |
|
Down Payment |
115,000 |
| Working Capital |
50,000 |
|
Loan/Assumable |
0 |
| Loan Fees |
25,000 |
|
Loan/Seller |
0 |
| Closing Costs |
5,000 |
|
Loan/Other |
1,115,000 |
| Total |
1,230,000 |
|
Total |
1,230,000 |
| Loan/Other |
- Amt: |
1,115,000 Mos: |
120 Rate: |
8.00 Mo Pmt: |
13,528.03 |
|
| JOSEPH ALTER |
Office |
: |
(239) 849-9334 |
|
| BROKER |
Fax |
: |
|
|
| |
Home |
: |
(239) 849-9334 |
|
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS |
Cell |
: |
(239) 849-9334 |
|
| 2640 GOLDEN GATE PARKWAY, SUITE 204 |
|
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|
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| NAPLES, FLORIDA 34105 |
Email |
: |
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| USA |
Home Page |
: |
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