Cabinetry Manufacturer For Sale

Business description

Company does custom European-style cabinets for high-end homes. Catering to custom home builders, they also have displays in design centers where home buyers can pre-select cabinetry in a variety of styles and price points. Most projects are 5%-10% of home price in the $1M up range. Average project is over $17,000. Business was started by a master craftsman, who turned it over to his children. It only now has the level of professional management that will allow it to reach its full potential.

This business was recently purchased by an individual with Fortune 500 manufacturing experience. New systems and procedures are being implemented, prices increased 3 times, but sales are still growing fast; production is 13 weeks out. Current owner has identified needs, but only partially implemented. Family problems are now distracting his attention; and he is reluctantly looking at options, included a sale of part or all of the business. Seller will stay for negotiable period to assist acquirer to complete the planned efficiency improvements. Marketing alliances available could double volume in the first year.

Other information

Reasons for selling:

Family Health Issues

Furniture / Fixtures value:

$255,000 (included in the asking price)

Inventory / Stock value:

$100,000 (included in the asking price)