Under Contract
Profitable Cabinet Refacing Company
| 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 | ||||
| NAPLES, FLORIDA 34105 | : | [email protected] | ||
| USA | Home Page | : | sunbeltofflorida.com |
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Listed By: Joe Alter
Background information
Reference:
48190
Finance
Sales:
$3,502,810
Profits:
$358,198
Profit type:
Discretionary Earnings
Price and terms
Price:
$1,150,000
Down payment:
$115,000