High End Custom Cabinet Shop In North Alabama For Sale

Business description

Company is a custom woodworking enterprise doing high-end cabinets, millwork, doors, floors, and furniture. Services approximately 100 accounts per year, of which 20% are commercial and 80% are individuals (residential). Company works in conjunction with architects, interior designers and general contractors. Incorporated in 1994 in a southeastern state as a S-Corp. SIC 2517

Nearly recession proof, as clients are high-end users with discretionary income to purchase the quality work and craftsmanship this company provides. 2008 sales and profits are stable with a good backlog for 2009. Key management in place. Ripe and ready for a new owner.

Approximately 13,200 sq ft of shop and office space (metal building) built in two phases (1990 and 1999). Available for lease from the owner or can be purchased at the appraised value of approximately $300,000 (under a separate contract).

Property information

Real Estate:

Real Property Included

Lease terms:

Approximately 13,200 sq ft of shop and office space (metal building) built in two phases (1990 and 1999). Available for lease from the owner or can be purchased at the appraised value of approximately $300,000 (under a separate contract).

Other information

Support & training:

Seller with train a new owner for 30 days.

Reasons for selling:

Other interests

Financing available:

Owner will consider up to 15% of the sale price in owner financing to a qualified buyer. Qualified buyers should have approximately 20% of the Selling Price in liquid funds to secure a commercial loan. Owner is open to sell the real estate under a separate contract at appraised value or provide a fair-market lease agreement for up to five (5) years.

Furniture / Fixtures value:

$440,000 (included in the asking price)

Inventory / Stock value:

$50,000 (included in the asking price)