Quality Cabinet Manufacturing - Consistent Sales
Not Disclosed, WA Snohomish County
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- RE: Quality Cabinet Manufacturing - Consistent Sales
- Contact: Erin Ward
Quick Facts
| Asking Price: | $750,000 | |
| Annual Revenue: | $1,350,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $300,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 589035781 | |
| Broker Reference #: | HEC2023 |
Business Overview:
This company has been making quality cabinets in the greater Seattle market for over 25 years. With a combination of high quality craftmanship and an excellent reputation with architects, builders, and designers, the business has been the go-to cabinet maker for the high-end housing market for decades.
The company had a steady revenue stream of over $1.3 million over each of the last 3 years focusing on cabinets, mantels, shelves, hoods, and other special projects. 2023 and beyond sees a robust pipeline of projects to continue the steady stream of revenue. The company operations focus on new homes, home remodels and commercial buildings.
The business has garnered a sterling reputation with architects, builders, and designers in greater Seattle. The average medium price for a home in this area is $730,000 with many exceeding $1 million. Per household income can range from $75,000 to over $225,000 with the median income above $110,000. New housing starts are forecast for builders in the greater Seattle area are estimated to be 1500 units in 2023 and 2024, which is slightly down from the 2020-2022 period.
The business is located in approximately 10,000 square feet of office and production space. The production space includes machining, fabrication, design & build capabilities. Other assets included in the sale are furniture, fixtures, equipment, tools, a vehicle, a trailer, inventory and supplies. The current lease runs through February 28th, 2028, with a current triple net rate of $5610 per month.
The location is ideal to service the greater Seattle area. There are currently 9 employees, plus the two owners who are active in the business. Both owners are involved with the day-to-day operations of the business and contribute approximately 2 FTE to the labor of the business.
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Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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