Seller's Contact Information
- RE: Home Remodel Cabinet Manufacturing Company
- Contact: Bill Southwell
Business Overview:
This company was formed with a business purpose to manufacture high-end cabinets to target luxury residential home builders and individuals who own homes with a value in excess of $1M. 75% of their business comes from repeat contractor business and the remaining 25% coming from word-of-mouth without the necessity to advertise. Sales periodically shift between new construction and high-end remodels with changes in the economy. 100% of all of their manufacturing is custom, of which 95% is cabinetry and 5% millwork. The business also manufactures other complimentary items for homes to include entertainment centers, mantels, crown moldings, wall beds, swinging bookcases, window seats, and more.The business elects not to use repetitive CNC technology due to their perceived need to creatively remain flexible and adapt to specific customer needs. The business is distinguishable in the custom cabinet industry due to its long tenured sales & design team, quality materials commitment, and unique finishing techniques.
The business rents a 21,000 - square feet. facility that supports a showroom and a shop that can handle all facets of manufacturing process without the need to out-source any products or services. Rent on the facility is $11,250 per month plus NNN charges on a lease that is in its final year. The Sellers are confident that the Landlord will be receptive to negotiating a long-term lease with a qualified Buyer.
The (husband & wife) Sellers fill the positions of President/GM and Secretary-Treasurer/Office Manager earning a combined salary of approximately $200,000 per year. The business also employs 8 hourly employees in the office/showroom earning between $15-$23 per hour and 12 employees in the shop earning $18-$30 per hour. All hourly employees are expected to stay-on with a successor business post-sale for the purpose of maintaining continuity and momentum.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
Opportunity Update!
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Cash flow increases 4 years in a row
For 30 years, this business has provided the Central New York region with the highest quality custom and pre-made counter tops and cabinets while maintaining reliable, knowledgeable and friendly service. The business has an excellent reputation and has generated outstanding financial results, including four years of increasing cash flow.