With owner profit margins now over 30%, this wood manufacturer and carpentry business focuses on custom handcrafted cabinetry. With fine craftsmanship, they design and install remarkable kitchen, office, closet, and commercial fixtures. Shipping nationwide, products include cabinets, countertops, shipping containers and associated hardware. Their high reputation and fully customized products have given them a strong market command as their process and attention to detail sets them apart from the pre-manufactured product providers. Their experienced team of six nonunion employees have cross-training in most positions and their streamlined processes make an expeditive turnaround time for their clients. The team members are likely to continue operations after the acquisition and the involved owner offers support and contact acclimation for a smooth transitioning. Situated in Central Illinois, the property is available for lease from ownership. With ample parking, the warehouse facility measures 24,000 square feet. Currently, 14,000 sq ft is being used for this business with storage, production, retail, and office spaces. The other 10,000 sq. ft. is being utilized by a tenant. The company’s foundation and facility offer many expansion opportunities such as an added website with eCommerce, additional employees to handle a larger service radius, and utilizing subcontractors for full remodeling services. Offered as a debt free business, total revenues reached $1,191,015 in 2023 alongside Discretionary Earnings of $431,445 and an EBITDA of $341,610. Sales projections show a steady increase as 2024 is expected to reach over $1.25 Million! Promotive efforts rely on visibility, direct sales, high ratings and verbal referrals from a large, repeating clientele. The company offers new ownership project diversity (Residential {54%}, Commercial {33%}, industrial {13%}) and strong relationships with major suppliers and builders. Do not hesitate to inquire about this fantastic opportunity, contact IAG today!
- Asking Price:
- $1,099,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,191,015
- Cash Flow:
- $431,445
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Holds a 10,000-sq.ft. tenancy space for third party as rental income!
- Size in square feet:
- 24,000+/-
Business Operation
- Reasons for selling:
-
Age for retirement.
- Trading hours:
-
Monday to Friday 7AM - 4:30PM.
- Employees:
- 6 nonunion.
- Years established:
- 1986
Other Information
- Support & training:
-
With cross-training and streamlined processes, expeditive turnaround client times and operations can continue post-acquisition as involved owner offers support for a smooth transitioning.
- Financing available:
-
Standard SBA-term financing will be negotiable for qualified buyers.
- Furniture / Fixtures value:
- $150,000 - included in the asking price
- Inventory / Stock value:
- $80,000 - included in the asking price
