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Listed by:

Sunbelt of Durham

Award Winning, Fine Custom Cabinetry Company With Real Estate For Sale

North Carolina, US
Asking Price:
$775,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$800,000
Cash Flow:
$178,567

Priced for Immediate Sale! Seller has opened up discussion for all structures of finance. Buy Real Estate or Lease. Family owned and operated since 1959 and moving towards retirement. They have built a reputation as one of the Carolina's industry leaders through their team of artisans and craftsmen designers and manufacturers of exclusive fine custom cabinetry for high-end individuals and businesses. They create custom kitchens, baths and closets which are featured in many prestigious “Homes of the Year” throughout North Carolina, South Carolina, Georgia and Maryland. Most of the work is in a very prestigious resort town and this businesses can be easily relocated there if Buyer chooses to not buy the Real Estate.

Current approved pipeline of work exceeds asking price. This sale is priced with 8,000 sq. ft. building on 1.18 acres valued at 371K plus $237K in assets. There is a small restaurant near the street not included in this transaction, but the Owner may sell. Again, business can be purchased alone. For more information, please contact Shanon Madrid

Property Information

Real Estate:

Real Property Included

Premises Details:

N/A

Size in square feet:
8,000 sq ft

Business Operation

Expansion Potential:

Grow the standard cabinet market servicing large builder supply companies. Continue to service large commercial and residential developers.

Competition / Market:

No other competitor in a 20 mile radius.

Reasons for selling:

Retirement

Trading hours:

Days: Monday - Friday, Hours: 8:00- 5:00

Employees:
Full Time: 8, Part Time: 3
Years established:
62

Other Information

Support & training:

Owner will provide training as long as necessary.

Financing available:

Fiscal Year End is May 31.

Seller will carry a note of 40% for Highly Qualified buyer. Seller would consider an earn-out.

Furniture / Fixtures value:
$237,530 - included in the asking price
Inventory / Stock value:
$10,000 - included in the asking price
Relocatable:
This business can be relocated.

Contact Sunbelt of Durham

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