MergerPlace

Cabinet Making

Florida


  • Asking Price: $799,000
  • Gross Income: $1,317,794
  • Cash Flow: $418,063
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $99,000
  • Listing ID: #212828
  • Established: 1997
  • Employees: 6 FT /1 PT

Business Description

23 yr. old Commercial Cabinet Maker/contractor company for sale. 90% commercial & 10% high-end residential. Tampa & Orlando market. Good margins. Next owner should build upon strong reputation/track record by intentionally marketing to more General Contractors. Seller willing to stay involved as paid consult for period of time. Strong staff of many years in place, love & need their jobs. Pipe-line of contracts in '19 going well. Reputation causes strong word of mouth. Do no advertising. 2017 down yr. because owner left on a many-months RV trip/absentee-run.


Business Details

Primary Business Category: Construction - Building, Developing
Location: Florida

Company Information

Year Established: 1997
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 6 FT /1 PT

Financial Information

Asking Price: $799,000
Gross Revenue: $1,317,794
Cash Flow: $418,063
FF&E: $99,000
Seller Financing Available: Yes

Property Information

Facilities:

Located in a work building/warehouse with front office.

Growth & expansion opportunities:

To grow this company to the next level, perhaps expand the building size and employees. Hire a salesman who knows how to do this and let them work the two big cities of Tampa & Orlando. Start advertising and get a web site. Also, developing a strong internet presence to showcase the company's first-class cabinets and kitchen designs should bring in even more sales to existing homeowners.

Competition:

They pick up a lot of large contracts in Orlando & Tampa area, such as hospitals, schools, business buildings, etc. They also pick up larger contracts that much larger competitors mess up and finish them on time and on budget. Their 6 full time employees out-perform much larger competitors with expensive machines which are known to break down at key times during jobs. They seem to hold their own with competitors who do large national jobs and have over 100 employees, believe it or not. They have often been known to fix others mistakes and take over other's jobs in the middle, because the job was not getting done on time or under budget and save the project for the General Contractor. Their better reputation to do what they say they are going to do and on time when they say they will do it, is key.

Reason for selling:

Retirement.

Support & Training:

Will train for 2 weeks @ $0 cost. Basic carpentry and cabinet skills helpful. People skills & growing business relationships with large contractors is key.

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Business Listed By:

Dan Gore

Murphy Business Brokers