The Company does all types of custom interior trim and cabinet work. About 80-90% of their business is new residential construction. They have been in business for 15+ years. Their main clientele are new custom home builders. About 10% of their business is remodeling work for individuals and businesses. The purchase comes with a full complement of equipment and vehicles and an experienced staff.
The property is available for sale for $400,000 or for lease at $40,000/year, payable monthly, NNN. The financials included a $40,000 per year rent charge. The SDE, if the property is purchased, would be $660,979.
Under the CARES Act as revised by the Stimulus Act, if you use an SBA 7(a) guaranteed loan, this company qualifies for 3-months of principal and interest paid by the SBA to the lender on your behalf (up to $9,000 per month). The loan payments paid by the SBA are not taxable. The SBA is also waiving its loan guarantee fee (approximately 3.75% of the guaranteed amount). The SBA guaranteed loan must be approved by the SBA before 9/30/2021, or earlier if funds run out.
The business is located in a 5,400 sq.ft. metal building on a 0.81 acre commercial lot.
The ability to attract more commercial work as well as retail cabinetry, utilizing the CNC machine gives the Company room for substantial growth.
There is very little direct competition in the area.
Owner to pursue other business interests.
Will train for 4 weeks @ $0 cost.