Commercial Custom Cabinet Manufacturing - Install

Raleigh, NC
Wake County

Asking Price: Annual Revenue:
$5,500,000 $7,814,028

Manufacturing: Furniture, Fixtures Manufacturing

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RE: Commercial Custom Cabinet Manufacturing - Install Broker: Jeff Snell
Owner Financing is Available!
10% or less as required by SBA

Quick Facts

Asking Price: $5,500,000
Annual Revenue: $7,814,028
Net Profit: $1,094,911
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $1,137,000
Real Estate: Not Disclosed
Year Established: 1989
Employees: 35
BBN Listing #: 14846351
Broker Reference #: CABINET3

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Business Overview:

This business is a high quality design/build/installation cabinet manufacturing business focused almost exclusively on commercial projects. The business also designs/manufacturers/installs ancillary products that carry high margins.

The business was started in 1989 and incorporated in 1996. The business has grown and as a result been relocated several times. Currently, raw materials cost through COVID have remained stable with minor fluctuations, but delivery times have been adversely impacted to some degree due to shortage of delivery drivers. The reported gross revenue, net profit and EBITDA numbers have one quarter of adverse performance as a result of COVID.

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Property Features and Assets:

This business is currently located in a 21,500 foot facility owned by its current owner. The land and building are not being offered for sale. 5,000 square feet of office including a high-end product showroom flows into a 16,500 square foot manufacturing/fabrication shop. Phone system is leased and monthly expense will be assumed by buyer.

Market Competition and Expansion:

Competition exists in various forms from big box retailers to one man firms in a rented storage facility, but very few can provide the range of products and finishes at large scale with consistent quality and high margins. Wake County was just rated (July 2021) the second best city to live in America so the volume of available work due to population growth is significant. The company has reached scale large enough to compete with the largest national competitors while remaining flexible enough to compete with smaller businesses on smaller jobs. Backlog (July 2021) currently averages ~$8 million pushing into 2022 which is growing on a weekly basis. Seller expects that this backlog will be considered when the purchase price multiple is being established.

Reason for Selling:

Other Interests.

Additional Details:

  • The property is owned.
  • 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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