Owner Financing is Available
Business for Sale Overview:
This well respected, profitable and rapidly growing commercial cabinet company with established client base. This business is currently in bankruptcy due to a large client going out of business. This company will come out of bankruptcy in June 2010. This company’s largest client cannot send them work over 500K because of bonding issues until after the bankruptcy is completed. A new buyer will have the ability to take on the new work immediately. There is approximately 1MM in business available to bid on and high probability of acquiring due to the relationship with the GC.
Established in 1979, this full service commercial cabinet manufacturer specializes in comprehensive millwork solutions. Services provided include design work, fabrication, material specification, assembly and installation using edge banders.
The company’s primary market is general contractors and architectural firms that specialize in movie theaters, churches, and schools. Their products include plastic laminate, wood raised panels, architectural paneling, trim work, and counter tops which are used to create various types of custom cabinetry including but not limited to reception desks, service counters, show cases, entertainment centers, kitchen cabinets and bookcases as well as cabinet re-facing..
The Real Estate and House are not included in the sale price.
The business is located on 5 acres and includes a house. The business is located in a 7500 square foot concrete and metal building. With an office and production area.
The house is traditional style 2600 square feet 2 story home. There are 1300 square feet downstairs, 1300 square feet upstairs and a 2 car garage. The downstairs has a large living room with a fireplace The kitchen is open to the breakfast area and pantry. There is a dining room, laundry room and a 1/2 bath. The upstairs has a large master bedroom and master bathroom/ shower and tub / and large walk-in closet. There a two additional full size bedrooms and a full bath and an office.
For further information, please complete our Non-disclosure Agreement at http://www.vrbigd.com/nda. Mike Cockroft can be contacted by email at mike@vrbigd.com or by phone at 972-792-0100.
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For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The business is located on 5 acres and includes a house. The business is located in a 7,500 square foot concrete and metal building. With an office and production area. The house is traditional style 2,600 square feet 2 story home.
Market Competition and Expansion:
Client Focused – This approach to customer service and manufacturing has allowed the company to develop a solid reputation for delivering excellent service on time, every time. Quality & Integrity this company guarantees the quality of their work for 1 year including parts and labor. Pricing - this company has established a reputation for pricing competitively and working with their clients to provide the best quality product with the highest standard of service and on-time project completion. Business would benefit from adding a website and target a new channel of business including hotels and store fixtures.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.