Ad ID: 1454168
Type: Established business
Category: Mfg. – Lumber and Wood Products
Category: Mfg. – Furniture and Fixtures
Included in the Asking Price:
Furniture, Fixtures & Equipment: $60,000
Cash Flow: $100,001
The founder and active Owner of this 20-year cabinetry business is ready to transition his craftsmanship and customer base over to a new owner/operator. This reputable company designs, builds, finishes, and installs beautiful custom cabinets for high-end residential and commercial clients and custom home builders. Owner has long-standing relationships with many contractors in the area who prefer an end-to-end conception-to-completion process. He also has excellent relationships with lumber companies and suppliers. The company’s high-end woodworking products do not compete with mass-produced box store cabinetry. A pipeline of booked orders is usually full for 2 to 3 months out on a rolling basis without any dedicated outside sales efforts. The diversified customer base consists of residential builders and homeowners throughout Northern Nevada with a strong geographic concentration in the affluent parts of Reno and Lake Tahoe. They specialize in custom kitchens, furniture, libraries, millwork, etc. They are a forward-thinking company that stays on top of current trends. This is a great fit for an experienced woodworking craftsman that wants to hit the ground running with a profitable, turn-key business that has an existing customer base and is strategically located in the growing Northern Nevada market.
Year Established: 1997
Facilities: 3000 sf rented facility
Competition: For 20 years, this business has maintained a superior reputation in the industry. They have a group of talented builders, several of whom plan to stay. A benefit of owning this business is the relationship they have built with many contractors and suppliers in the area, both of which can be in short supply as the region continues to undergo rapid growth.
Growth and Expansion: Northern Nevada is experiencing unprecedented growth and this company is well positioned in the market to expand. Being in business 20 years while never spending a dime on advertising speaks volumes to the referrals and repeat business of its loyal clientele. New owners wanting to grow the business could actively market to additional luxury home builders, architects, interior designers, and homeowners. Current Owner has the equipment and space to double the number of employees. Creating an on-line presence and social media presence would also increase visibility if desired.
About the Sale
Financing: $100,000 down; $2,216 per month, including principal and interest for 24 months
Support/Training: 2 weeks/negotiable
Reason Selling: Health