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Highly Profitable, Established Cabinet Manufacturer! (37869 ) For Sale

Connecticut, US
Asking Price:
$2,499,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,837,695
Cash Flow:
$821,812

Prequalified at full asking price by a preferred lender! Situated in Connecticut, this manufacturer, renowned in its market, designs, manufactures, and installs custom cabinetry. Customers include residential homeowners as well as builders, with cabinets designed and made in a wide range of woods, textures, and styles. With Seller moving into another business sector, significant potential exists to take this business to the next level through strategic expansions, expanded services, partnerships, and marketing. Growth can be achieved somewhat effortlessly as the current owners have been selectively accepting projects due to continual high demand for their cabinets. With no individual client representing more than 5% of sales, the company has customer diversity and flexibility to grow. Reliable personnel of eleven nonunion employees are most likely to remain post-purchase and continue their streamlined operations after the seller acclimates the new ownership to existing contacts and the semi-absentee role. Sales are driven by customer referrals, a large returning customer base, and a 49-year track record with a strong reputation. Located within a 20,000 square foot building, the business facility is a prime 6,800-sq. ft. factory that features a state-of-the-art design center, located in a desirable high traffic, affluent area. Revenues and Discretionary Earnings have a history of consistency. Revenues in 2021 were $1,837,695 with Discretionary Earnings of $821,812. Discretionary Earnings in 2022 are estimated at $892,000! Pricing is based on an independent evaluation.

Property Information

Real Estate:

Lease

Premises Details:

Inventory varies per project.

Size in square feet:
6,800+/-

Business Operation

Reasons for selling:

Approaching retirement and/or pursuing other interests.

Trading hours:

Monday to Friday 8AM - 4:30PM.

Employees:
11 nonunion.
Years established:
1973

Other Information

Support & training:

Owner Transition period to acclimate existing contacts and seller to semi-absentee role.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Negotiable up to 20% for the right buyer.

Furniture / Fixtures value:
$392,000 - included in the asking price
Relocatable:
This business can be relocated.

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