Closet Manufacturing Asset Sale Of Building, FF&E

Raleigh, NC Wake County

Commercial Park

Asking Price: $500,000

Annual Revenue: Not Disclosed

Manufacturing: Wood, Stone, Concrete

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Closet Manufacturing Asset Sale of Building, FF&E

Seller's Contact Information

RE: Closet Manufacturing Asset Sale Of Building, FF&E
Contact: Jeff Snell

Owner Financing is Available!

Due to the present circumstances an all cash at closing transaction is desired.

Quick Facts

	Asking Price:	$500,000
	Annual Revenue:	Not Disclosed
	Net Profit:	Not Disclosed
	Cash Flow:	Not Disclosed
	Total Debt:	Not Disclosed
	FF&E:	Not Disclosed
	Real Estate:	$2,450,000
	Year Established:	2006
	Employees:	25
	BBN Listing #:	98906351
	Broker Reference #:	CLOSET3

Email or Print Listing

Business Overview:

This popular franchised business is being liquidated and is NOT operating. Buyer may rehire available employees. The buyer may also elect to join the franchise system or operate on an independent basis. When operating, customers can choose between in-home, virtual and in-showroom appointments. This business offered clients a wide range of customized products and installation services (design/build) including custom closets, pantries, entertainment centers/media rooms, laundry and mudrooms, but also has solutions for home office, garages, wall-bed systems, as well as crafts/kids areas.

The business was founded in 2006 and has experienced steady growth since inception. It was purchased by its current owner in 2021. Initial franchise fee was $50,000. Transfer fee $18,500 and renewal fee is after 5 years is $7,000.(paid by Buyer if electing to join franchise).

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

The business operated from the 12,000 square foot building owned by the business seller. The building is for sale only (not available for lease). The anticipated fair market value is $2,450,000 but will be sold at third party bank appraised value.

Market Competition and Expansion:

The business utilizes proprietary engineering techniques and in-depth salesperson training that result in a higher quality, longer lasting and more functional solution being delivered to the client. The result is happy customers who return for subsequent projects and refer their friends, family members and colleagues. Seemingly similar products are available from other 'closet' companies and even big box retailers, but the overall fit/finish/functionality and quality are subpar and the overall offering of options is substantially smaller. In addition to the continued, annual growth of the Custom Home Organization market, this business also stands to increase sales as homeowners and businesses continue to adapt to working remotely with virtual meetings as a result of increased demand for optimized work spaces at home, home/offices and traditional work spaces. This business is well positioned to help potential clients become more efficient and organized in environments that are ergonomic and consistent with people’s desire to live and work in spaces that are welcoming, inviting and modern. Sustained population growth of the business area has helped bring a steady influx of new potential customers. Strong relationship with big box retailer.

Reason for Selling:

Lack of Operating Capital

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

Documents:

Download Broker Non-Disclosure Agreement (NDA)

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High-End Custom Cabinet Manufacturer

Not Disclosed, MT

Not disclosed

This Company is a very well-established custom cabinet and door manufacturer offering a complete custom shop experience from design, to build, to finished installation. Additionally, the Company designs and manufactures furniture and mill work products, as well as specialty spaces for affluent enthusiasts; fly fishing rooms, saloons, wine cellars, theaters, and more have been finished with spectacular results. Longstanding relationships have been fostered with complimentary artisans, such as blacksmiths, steel fabricators, glass artists, and the like, ensuring the Company is able to deliver the type of unique and one-of-a-kind offerings that upscale clients desire. Operating exclusively within the luxury market, the Company is sought out by the most discerning clients throughout the Rocky Mountain Northwest, but has also completed projects in Canada, Mexico, and South Korea. The Company is located in an area with a highly desirable quality of life and is experiencing booming market conditions with no end in sight. Growth opportunities abound, as there is currently more work available than current capacity can handle; it is estimated that custom cabinet production could be expanded by 40% and door production by 200%. The Company employs a highly trained and experienced workforce, notably skilled at fine woodworking, and with an average tenure of over eight years. The Company’s sterling reputation, enviable market position, skilled workforce, and opportunities for further growth make this an acquisition prospect that merits further investigation.INVESTMENT HIGHLIGHTS:--> Long-standing reputation for very high-end, high-quality products & services--> Located in a very attractive area to live, work, and play--> Currently experiencing very strong trends with booming market conditions--> Highly trained and experienced workforce, exceptionally skilled at woodworking--> High-end customers that result in recession resistanceGROWTH OPPORTUNITIES:--> Add on a cabinet hardware supply business with online and catalog offerings--> Establish a relationship with a standard cabinet product line provider to capture the lower-end market--> Embark on focused workforce expansion recruiting effort to increase capacity

Cash Flow $652,560

Revenue $2,746,539

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