Cabinet Manufacturing Business

Undisclosed Address, Michigan
Business Opportunity for Sale
Catylist Listing ID: 30364943
Property Subtypes: Building and Construction Services
Building Size (RSF): See Agent
Sale Price: $325,000
Gross Revenue: $565,000 (Annual)
Cash Flow: $110,000 (Annual)
Last Updated: 2/28/2019

Overview / Comments

Established over 40 years ago in Southwest Michigan, this Company designs, builds, and installs high-end, custom cabinetry throughout the region. The Company operates out of a 12,000 square foot facility filled with an extensive line of well-maintained equipment. This facility was specifically developed for the Company’s operations and features designated spaces for woodworking, finishing, storage, a showroom and office space. There is also ample parking.
Current owners are looking to retire and anticipate selling the associated real estate with the business.

For someone seeking to be their own boss, the Company provides a wonderful and solid foundation: fantastic reputation, customer base, well-maintained equipment and seasoned employees in place. Don’t miss out!

The business and real estate are for sale for $625,000.

Opportunities For Growth:

(1) Sales and Marketing Efforts: The Company would benefit from obtaining a web presence, a dedicated salesperson, and a focused marketing strategy targeting architects, builders and general contractors.
(2) Product and Service Expansion: Branching out into new markets with new services may be a strategy worth pursuing.

Investment Highlights:

(1) Hard Assets: A significant proportion of the value of the Company is comprised of woodworking equipment, which has an estimated fair market value of over $150,000. These hard assets may serve as collateral for financing the purchase of the Company or a means of reducing the risk, should the buyer use entirely their own funds for the acquisition.
(2) Advantageous Location: The Company has the advantage of being located in a very low-cost city in Southwest Michigan, but in relative proximity to many areas with affluent populations. This enables the Company to price its products competitively while still maintaining healthy margins.

Real Estate Value: $325,000

Additional Details

Industry Segment: Other Services
Reason for Selling: retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $175,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: The building is valued at 325,000 and can be purchased separately or leased.

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Demographic Statistics

Proximity: 5 miles
Total Population: 2,593
Median Age: 44.17
Households: 1,031


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