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Commercial And Custom Residential Cabinetry With Millwork Company For Sale

Sanford, North Carolina
Asking Price:
$500,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$850,000 (USD)
Cash Flow:
$136,000 (USD)

Since 1989 this company has been building beauty and functionality into custom cabinet projects. From kitchens, baths, built-ins, library/office and closets you will find their cabinetry in some of the most prestigious homes and offices in their market. Their staff works together with their clients to plan, measure and draw up cabinetry that insures every detail is in place. Using only hardwoods they build, paint/stain and finish cabinetry and make sure it is installed properly. They have robust commercial business including working for banks, conference rooms, laminate countertops and more.

Property information

Real Estate:

Lease

Lease Terms:

2 Years

Leasehold Rent:

$48,000 (USD) per annum

Location:

This business is located in a seller owned space and occupies approximately 19,000 sq. Ft. including 2 free standing paint facilities. The owner needs the facility to expand his other business (non-competitive). He will lease the space for a limited time (a year or two) while the buyer finds a new facility. The monthly rent has recently been increased to $5,000 per month.

Premises Details:

Warehouse and offices

Size in square feet:
19,800

Business Operation

Expansion Potential:

This company has been working for the last three months on "gearing up" on a completely new line of "frameless cabinetry" The owner believes Frameless sales could be significant in the next 18 months.

Competition / Market:

There is competition on the manufactured "box" cabinets side; There really is just a handful of custom shops left that have any real craftsmen working. To a real "knowledgeable" customer that might be building a home or remodeling their current home; if you want real wood custom cabinets…..this company is the only answer.

Reasons for selling:

Semi Retirement and other business interests

Trading hours:

Mon-Fri 8 to 5

Employees:
10
Years established:
29

Other Information

Support & training:

Seller will provide up to 80 hours of transition support at no additional cost

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$254,750 (USD) - included in the asking price
Inventory / Stock value:
$5,000 (USD) - included in the asking price
Relocatable:
This business can be relocated.

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