Business For Sale

Kitchen & Bath Cabinet Company

Not Disclosed, NJ
Morris County


Asking Price: Annual Revenue:
$150,000 $769,208

Retail: Home Furniture & Furnishings


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RE: Kitchen & Bath Cabinet Company Broker: Ron Cervelli
Owner Financing is Available!
Can be considered to a qualified buyer.

Quick Facts

Asking Price: $150,000
Annual Revenue: $769,208
Net Profit: Not Disclosed
Cash Flow: $156,000
Total Debt: Not Disclosed
FF&E: $125,000
Real Estate: Not Disclosed
Year Established: 1985
Employees: 3
BBN Listing #: 30773909
Broker Reference #: RETL346

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Business Overview:

Thirty-three-year-old highly successful Kitchen & Bath company now available due to the owner’s retirement. This is a family-owned and operated retail kitchen and bathroom cabinet company with a yearly gross income of $769,208 and a net income of $156,000. The new operator does not require extensive experience in building or carpentry. With the computerized software now available, the showroom process is made simple. The company represents a basic sales operation, who specializes in kitchen and bathroom replacement. All the remolding is completed by third party contractors. Their products range from high-end to midlevel with a full menu of products offering the latest trends in traditional and contemporary styles for a new kitchen or bathroom. They diligently work to carry out their service and minimize the inconveniences of remodeling the kitchen or bathroom. They provide their clients with an outstanding experience from start to finish and service is their primary focus. They have cutting edge computer-aided Kitchen designs that is used to show elevations, perspectives and virtual tours of the new Kitchen along with traditional hand drafting. They will assist in selecting the perfect combination of custom cabinetry, appliances, countertops, tiles and flooring for a new kitchen or bathroom. This business has three employees who function as salespeople, who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $7,000. All of the installation is completed by third party companies. The business has an assignable commercial lease which expires 01/01/2023 plus additional options, cost per square feet is $11.92, with a monthly rent of $2,483 and rent security $5,000. The business fixed assets has an estimated value of approximately $125,000 which is based on equipment and licensing replacement cost. The business is active six days per week, with hours from 9:00 am to 7:00 pm. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

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Property Features and Assets:

The company has a 2,500-square foot showroom which features numerous kitchen cabinet displays and dozens of bathrooms vanity displays. This long-standing business opportunity is in Northern New Jersey, Morris County. The general area and municipalities consist of various affluent communities with continued demand for this product. The company is on a very active state highway, is in a mid-size mall with various other active and successful businesses.

Market Competition and Expansion:

To the best of our knowledge and due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser. The business presently has a standard marketing plan, basic web site which is not appropriately optimized and if improved can further develop the business income.

Reason for Selling:

The owner is retiring after many successful years.

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.

Documents:

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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