Indianapolis Mill Work & Cabinetry Mfg Profitable

Not Disclosed, IN

Indiana


Asking Price: Annual Revenue:
$2,600,000 $6,252,000

Manufacturing: Furniture, Fixtures Manufacturing


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RE: Indianapolis Mill Work & Cabinetry Mfg Profitable Broker: Fred Grimm
Owner Financing is Available!
Preferred SBA lending also available.

Quick Facts

Asking Price: $2,600,000
Annual Revenue: $6,252,000
Net Profit: $556,000
Cash Flow: $750,000
Total Debt: $582,000
FF&E: $515,000
Real Estate: Not Disclosed
Year Established: 1993
Employees: 42
BBN Listing #: 39336752
Broker Reference #: 2018

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Business Overview:

2018 sales increased $825,000 over 2017. Impressive work in process & contract backlog of $4,144,000 as of April 2019
THIS COMPANY HAS DEMONSTRATED GREAT GROWTH OVER THE PAST TWO YEARS
This company has expanded its sales, profits, cash flow, receivables, and inventory in 2017 along with equipment and building
expansion. The building may also be purchased or leased. Current appraisal on the building is $1,188,000, which is the separate
building selling price.
All financial numbers stated above will be adjusted on the tax returns from an accrual basis to cash basis.
Asset Value is $1,702,000, including FF&E Vehicles, Inventory of $141,000 and A/R of $1000000.
*Financial Statements for FYE 2018 are INTERNAL NUMBERS AS TAX RETURN IS NOT AVAILABLE FROM CPA AS OF THIS UPDATE
More Information on Commercial & Industrial Consultants:
https://commercialindustrialconsultants.com

Contact us to schedule a time to discuss your business needs.
Contact us by phone: 502-893-6849 or by email: fgrimm@fga-inc.com

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Property Features and Assets:

23,680 Square Feet available to lease or purchase $1,188.000. Current Lease is $6200 Mo.

Market Competition and Expansion:

This company has greatly expanded its customer base in both territory growth and increase of repeat customers. Most customers or on a quote basis as opposed to bid basis

Reason for Selling:

Partial Retirement

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.

Relevant Links:

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