NOT DISCLOSED, Minnesota
| Asking Price |
$2,661,000 |
Year Established |
1980 |
|
| Annual Revenue |
$2,428,991 |
Reason for Selling |
The owner wishes to retire. |
|
| Annual P/L |
$0 |
Attention |
Darrel Damhof |
|
| Annual Cash Flow |
$426,481 |
Listing Number |
1015666 |
|
| # of Employees |
12 |
Business Category |
Manufacturing: Furniture, Fixtures Manufacturing |
|
Business Overview:
For over 45 years, this successful custom cabinet business located in a Twin Cities suburb has been creating quality cabinetry for the home. A bank has expressed an interest in financing the acquisition of this business and the real estate for a qualified buyer. Their cabinets are made for kitchens, baths,home offices, fireplaces & entertainment centers, bars, mudroom &laundries, hutches & furniture and built-in storage. Their process starts with understanding the customer's needs, creating the design that fills that need, drafting the cabinets and the design layout, constructing the cabinets with attention to detail and finally having skilled installers install these custom cabinets into the customer's home. Business works with both homeowners directly as well as contractors. There remains excellent opportunities for growth.
Property Features and Assets:
<p>The business is located in a 10,700+ square foot building owned by the owner through a separate legal entity. The building houses the showroom, offices, design/drafting offices and the manufacturing floor where raw material is stored, the cabinets are made, and the finished products are stored until delivery. The building sits on the 2 1/2 acre lot with sufficient asphalt parking spaces for both customers and employees. The building was builtin 1997 and is in excellent repair. The showroom was remodeled several years ago. For use of the building, the business pays rent to a separate business entity owned by the business owner. Approximately 700 square feet is rented out to another company who has been in that space for about 25 years.<br></p><p>Assets = $1,700,840</p>
Market Competition and Expansion:
<p>There are other custom cabinet making competitors within the surrounding area as well as across the Twin Cities of Minneapolis & St.Paul.<br></p><p>With their excellent reputation, there is great opportunity for continued growth. There is sufficient physical capacity in the building for growth and the hiring of additional production employees. <br></p>
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity