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- RE: Manufacturing Custom Cabinet And Furniture
- Contact: Sheila Hansen
Quick Facts
Asking Price: | $800,000 | |
Annual Revenue: | $1,500,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $280,000 | |
Total Debt: | Not Disclosed | |
FF&E: | 264,600 | |
Real Estate: | Not Disclosed | |
Year Established: | 1997 | |
Employees: | 14 | |
BBN Listing #: | 350954611 | |
Broker Reference #: | 5182-127762 |
Business Overview:
Manufacturing Commercial Residential Custom Cabinet and Furniture
This custom cabinet and furniture maker, established in 1997, serves both commercial and residential clients, centrally located in East Tennessee. There are two warehouses where work is separated by commercial and residential. Seller owns both buildings and is considering selling the real estate on at least one of the warehouses, perhaps both. The other would receive favorable lease terms with an option to purchase later.
Current jobs include cabinetry and furniture work in a dental practice, pediatric clinic, health facility, jail, school, churches, and various residential opportunities. Other job estimates are ongoing. Current workload totals over $900,000. Current jobs range from $20,000 to $389,000. Seller says they manufacture high end cabinetry and wood-based furniture for many different industries including residential, commercial, hospitality, schools and colleges, and even sports facilities. They do no advertising; business is mostly referrals and repeat customers.
Potential buyers may require or have the ability to learn to design/CAD drawings using design software, also should have or obtain a general understanding of how to operate all equipment used in this business. A standard business license is required and can be obtained from the county/city.
To receive more information, please get in touch with Broker today to request a Non-Disclosure Agreement (NDA).
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Property Features and Assets:
Facilities:Two warehouses on two separate properties, divided by commercial and residential work. Request to complete an NDA to receive more information. One or both warehouses may be purchased. Lease option may be available, on at least one of buildings, maybe both. FF&E Overview: All equipment necessary to operate the business is included. Full list upon request after completing NDA. FF&E General Condition: Good condition, well maintained.
Market Competition and Expansion:
There are many fine cabinet makers to be found in this beautiful Smoky Mountain region of East Tennessee. Biggest competitors are in the Knoxville area, but this has not limited their ability to bid for jobs in the Knoxville area or across East TN. Increase production. Adding a second work shift could add 20-30% additional sales growth. Additionally, a capable sales representative for the business would bring on new accounts and significant growth. With two large warehouses, there is room for growth.
Reason for Selling:
Semi-Retirement
Additional Details:
- The property is owned.
- 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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