This is an outstanding business resale at a very attractive investment level with a very well-established (opened in 1993)-owned company with a 40-year-old industry-leading brand. The brand engineered the industry’s first truly custom closets. The company creates closets that fit what people want. The brand is a leader in custom closets.
This well-established and thriving millwork and cabinetry business is a market leader, providing design services, manufacture, and installation of high-end and custom cabinets and woodwork to residential customers looking to transform their spaces to optimise organisation and utilisation of the space.
This is a turnkey, well-established, fully staffed, open, and operating business in a prime market in the manufacture and installation of custom closets.
ACQUISITION INCLUDES:
• Sellers Discretionary Earnings (SDE) - $651,368
• High Existing revenue -
• FFE Value - $799,742
• Fully Staffed - Employees: 26
• Includes ALL Assets, (including vehicles) with All Existing Systems/Processes in Place
• High Repeat Clients
• Well-established - 31 years of operating history.
• Turnkey with all equipment and staff
• Excellent reputation in a growing industry
• Year Established: 1993
• Training: 6 weeks
• High Growth Potential:
-Top 25% of Owners do $14M+ Revenue (per FDD)
OWNER ROLE:
• This business will require an owner operator to start and should be able to transition
rapidly to hiring a GM to oversee the day-to-day operations with a full staff in place.
• Each Franchise location operates their own manufacturing plant, showroom, design
staff, and installation staff. They oversee the project from conception (design) through
completion (installation). This vertical integration provides maximum efficiency.
LOCATION:
The facility is 27,500 sq ft and is 100% leased out. The real estate is available separately. The listing price for the 27,500 sq ft building is $3,600,000
The Business utilizes 17,200 square feet of this building. Within this location they have a spacious showroom, design and administration offices, manufacturing operations and warehouse and distribution facilities. The manufacturing and production are completed on-site using the high caliber CNC equipment, panel saws, edge banders, a paint and stain shop area and distribution and storage areas.
• Family friendly hours - Mon - Fri 8:00am - 5:00pm
• Sat - Sun: Closed
FINANCIAL PROPOSITION:
• Asking price - $1,949,000
• Current Revenue - $3,243,897
• Seller’s Discretionary Earnings (SDE) - $651,368
• Total Assets Included - $799,742
• Fully Staffed – 26 employees
• Owner/Operator Model
• Well Established – opened in 1993.
REASON FOR SALE:
Owner is retiring
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CAPITAL REQUIREMENTS:
• Minimum Net Worth: $1,000,000+
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NEXT STEP:
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Note: This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. An offer or solicitation can only be made by a franchise disclosure document.
Disclaimer: We do not guarantee the financial performance of any franchise, licensed affiliate, or business opportunity. The decision to purchase a franchise, licensed affiliate, or business opportunity must be based on the buyer’s independent research analysis. We in NO way warrant information provided by a seller or buyer. This does not constitute an offer of a franchise per the registration requirements by the Franchisor.
