Owner Financing is Available!
Business Overview:
Excellent opportunity for a master cabinetmaker or engineer to purchase an existing woodworking shop that has an exceptional reputation, is growing and is profitable. The company specializes in custom made desks, tables, kitchen cabinets, mantels, doors and office furniture used in commercial and residential settings. The business has approximately 100 active customers located primarily in Connecticut, New York, New Jersey and the neighboring New England states. Sales are split between commercial (70% of annual sales) and residential (30%) customers. Approximately 60% of sales are with repeat customers. The buyer should be familiar with AutoCad and other architectural programs needed to estimate and design custom work. The existing equipment and facilities have the potential to realize approximately $1 million in annual sales. Everything is in place to take this company to the next level.
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:
Sale will include all equipment, inventory and existing backlog of contracts (less completed work adjusted at closing). Includes all saws, sanders, compressors and a box delivery truck. Showroom inventory and office computers and equipment. A detailed list of equipment is available. The lease is not assignable but landlord will work with new owner.
Market Competition and Expansion:
The custom cabinet industry is highly fragmented with manufacturers of various sizes. The company’s exceptional reputation for custom products delivered on time and within budget is the primary strength of this business. The shop is located within close proximity of downtown Hartford and adjacent to several high net worth suburban communities.
Reason for Selling:
Owner wishes to retire, 72 years old.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: