Business For Sale

Kitchen and Bath Cabinetry Earning 240K

Omaha, NE
Douglas County


Asking Price: Annual Revenue:
$560,000 $684,600

Manufacturing: Furniture, Fixtures Manufacturing


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RE: Kitchen and Bath Cabinetry Earning 240K Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $560,000 10% Buyer Down Payment: $56,000 10% Seller Financing: $56,000 80% Bank Loan: $448,000 A 10% down payment of $56,000 would return a first year’s profit of $121,303 after debts.

Quick Facts

Asking Price: $560,000
Annual Revenue: $684,600
Net Profit: Not Disclosed
Cash Flow: $241,356
Total Debt: Not Disclosed
FF&E: $148,292
Real Estate: Not Disclosed
Year Established: 1992
Employees: 4
BBN Listing #: 630034398
Broker Reference #: MAN018

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Business Overview:

With general contractors and architects as their clients, this business has been in operation for 25 years. This frameless cabinet design and installation business with a 35% profit margin includes a 6,800-sq. ft. space containing a workshop and showroom. Located in Omaha and serving the entire Metro area, business is comprised of 30% remodels and 70% new construction. While a majority of jobs are residential, commercial projects for law and medical offices are an occasional revenue stream.

Sales have increased by 24% from 2015 to 2016, with the seller’s cash flow rising by 35% during the same period. Very little is done in advertising, with most customers coming in as referrals. Occasionally the seller will reach out to builders to express interest in specific projects. Currently there are 4 employees, all of whom are “jack-of-all trades” and able to work in carpentry and installation.

Materials are mostly sourced from local vendors, but exceptions can be made depending on the customer’s requirements. Invoices range from $2,000 to $90,000, with the average invoice priced at roughly $22,000. Customers pay 50% before the project begins, and the remainder is billed after completion. Jobs are not necessarily done one at a time, but rather many are worked on at the same time and in different stages.

Growth exists in adding hardware services and using CAD drawing for projects, as well as increasing the number of commercial jobs done. This would be a great business for a custom home builder to add as part of their services.

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Property Features and Assets:

Lease: $4,100/month for 6,800 square feet – includes workshop (~5,000 square feet) and showroom (~1,800 square feet) Assets Included in Purchase: $148,292 Equipment: $128,092 – double boring machine, dust collection machine, edgebanders, saws, forklift Vehicles: $20,200 –2002 Chevy tool van, 1993 Ryder truck Intangible Assets: reputation and working relationships within the building community A/R: clients pay 50% down to start and the remaining after the project is completed – average invoice is $22,000 *amounts may vary

Market Competition and Expansion:

Job Demographics: 30% remodels, 70% new construction Services: Custom-built cabinetry for kitchens, bathrooms, living areas, offices. Growth Opportunities: Hardware, CAD drawing, more commercial projects.

Reason for Selling:

Retirement

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.

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