Custom Cabinet Maker And Mill Work Shop In Hartford County For Sale

Business description

Excellent opportunity for a master cabinetmaker or engineer to purchase an existing woodworking shop that has an exceptional reputation, is growing and is profitable. The company specializes in custom made desks, tables, kitchen cabinets, mantels, doors and office furniture used in commercial and residential settings. The business has approximately 100 active customers located primarily in Connecticut, New York, New Jersey and the neighboring New England states. Sales are split between commercial (70% of annual sales) and residential (30%) customers. Approximately 60% of sales are with repeat customers. The buyer should be familiar with AutoCad and other architectural programs needed to estimate and design custom work. The existing equipment and facilities have the potential to realize approximately $1 million in annual sales. Everything is in place to take this company to the next level.

Property information

Real Estate:

Lease

Lease terms:

The lease is not assaignable but landlord will work with new owner.

Leasehold rent:

$21,575 per annum

Location:

The business is located in a commercial/industrial park within close proximity of downtown Hartford and adjacent to several high net worth suburban communities.

Premises details:

The building consists of approximately 3,850 sf, including 500 sf of office/showroom space and 3,350 sf of production area. There is one loading bay. There is ample customer and employee parking.

Business Operation

Expansion potential:

The buyer will benefit from the purchase of a facility that has the existing capacity to more than double annual sales to $1 million.

Competition / Market:

The custom cabinet industry is highly fragmented with manufacturers of various sizes. The company’s exceptional reputation for custom products delivered on time and within budget is the primary strength of this business.

Reasons for selling:

Owner wishes to retire, 72 years old.

Trading hours:

Production staff 6:00am to 2:30pm weekdays, overtime as needed. Owner 9:00am to 5:00pm weekdays.

Employees:

4

Years established:

3

Other information

Support & training:

Owner is willing to stay on for a period of two to three months to train the buyer if needed.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Owner is willing to consider take back financing that is properly secured.

Furniture / Fixtures value:

$101,815 (included in the asking price)

Inventory / Stock value:

$4,800 (included in the asking price)