Production Cabinetry & Woodworking Manufacturer

Williamston, MI
Ingham County

Asking Price: Annual Revenue:
Not Disclosed $2,919,976

Manufacturing: Furniture, Fixtures Manufacturing

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RE: Production Cabinetry & Woodworking Manufacturer Broker: Seller of Business
Owner Financing is Available!
Limited Seller-Financing Available for Qualified Buyers.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $2,919,976
Net Profit: Not Disclosed
Cash Flow: $670,323
Total Debt: Not Disclosed
FF&E: $900,000
Real Estate: $1,785,000
Year Established: 2012
Employees: 24
BBN Listing #: 39045079
Broker Reference #: 085

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Business Overview:

This profitable and growing Company is a production and custom cabinet manufacturer serving Michigan and expanding across the country. The Company builds cabinetry to the project or owner’s specification with a significant focus on multi-family projects. Founded eight years ago, the Company manufacturers under three brands. The Company obtains work and projects through general contractors, apartment owners and developers, kitchen dealers, and residential owners. The Company maintains a go-to group of dealers that order based on catalog or specification, and the Company bids (with the help of developed general contractor and apartment owner relationships) on larger projects. The Company offers a unique lineup of colors and styles that can fulfill orders from a residential customer for a single cabinet or 6,000 cabinets for a substantial apartment owner.

The Company started marketing its products under one brand; however, the Company aimed to differentiate itself in the marketplace by appealing to multiple end markets. The three brands that the Company offers attract a different target customer by providing unique cabinet products. The Company manufactures products that are geared toward simpler and larger projects, one-off projects, and highly customized projects for the commercial, apartment, and residential markets. These brands are still developing and growing, allowing a new owner to benefit from this brand platform with a broad customer outreach/footprint and diversified target customers. All brands offer a similar product that is marketed and sold in three different ways.

The Company developed a unique niche by being big enough to deliver on larger projects but small enough to react to smaller/custom projects. The Company can execute multiple large projects and still offer custom colors, door styles, and cabinets. Other companies can do one or the other, not both high-volume and customization. The Company has built a solid reputation through this flexibility, value, service, and support.

The Company is owned by two owners (95%/5%). The majority owner is looking to sell his portion of the Company. He is a visionary for the Company and is involved with new lines and ventures, finance, and high-level sales. He considers himself a semi-passive owner, allowing his team to do their jobs. He works four to twelve hours per week and does not have an office in the Company’s facility. The Company’s minority owner is the operations manager and runs the Company on a day-to-day basis with the support of the majority owner. The majority owner is willing to provide reasonable transition assistance to allow the new owner ample time to transition into the Business. The majority owner is confident that the Company’s management team can run the Company.

Buyers will be required to have a minimum of $200,000, solid credit, and preferably industry experience to qualify for SBA 7a financing.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found, please email us and request a PDF version.

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Property Features and Assets:

The majority owner owns the Company’s facility, as well as the two adjacent buildings. All three buildings are for sale as part of the transaction. The majority owner is open to selling or leasing the buildings. All three buildings sit on a combined land area of 280,691 square feet/6.44 net acres. The buildings contain a total of 52,498 square feet of gross building area, and there is an additional 544 square feet of mezzanine level area. The Company’s facility is 3.010 acres, consisting of 32,105 square feet, and a 2,586 square foot or 5% finished ground floor office area in the building. The majority owner’s other two facilities are currently being rented out by other companies – 16,496 square feet/3,897 square feet.

Market Competition and Expansion:

Investment Highlights Include: (1) Big Enough To Deliver But Small Enough To React: The Company can perform multiple large projects and offer custom cabinetry solutions (custom cabinets, door style, and color) at a price that is competitive for small and big projects. The Company is large enough to compete on price while providing the same capabilities as all the major cabinet manufacturers; however, the Company is agile enough to produce the customer service and customization that single-family and multi-family housing/apartments require. (2) Diversified Product Line And Customer Base – Three Brands: The Company could offer three unique brands reaching a plethora of different markets, further diversifying itself in the cabinet industry. The Company could access many different markets through three unique brands but utilize the same ERP, staff, machinery, and facility to leverage synergies and efficiencies. The Company has yet to fully develop and implement two of its brands, giving the opportunity for a new owner to invest in finalizing these two brands and growing sales by offering three unique solutions. By selling into three different end-markets, the Company could be more recession-proof than most cabinet manufacturers. (3) Financial Strength and Growth: The Company maintains an impressive gross profit margin above 50%, demonstrating stable operational efficiencies – robust systems, skilled personnel, and effective pricing strategies. The Company had an impressive jump in revenue (more than doubling) from 2018 to 2019 while operating at a substantial gross profit margin. While the majority owner believes that the Company will require some capital improvements to grow, the Company’s facility, personnel, and systems can operate at similar gross profit margins while increasing its top-line, resulting in steady cash flow. (4) Autonomous and Skilled Management Team: The majority owner has found an exceptional operations manager who oversees the Company’s day-to-day operations with the majority owner’s support. Supporting the operations manager is a group of experienced managers and production team. The Company’s managers are educated in the industry and have combined 23+ years of experience working for the Company. The majority owner is confident that the current team can operate the Company without much direction from ownership. (5) Trademark and KCMA Certification: The Company owns one trademark for one of its cabinetry brands and can pursue trademarks for its other two brands in the future. Additionally, The Company’s standard product lines passed the KCMA certification – allowing the Company to offer quality cabinets that have been through rigorous testing.

Reason for Selling:

The majority owner is a serial entrepreneur.

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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