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Successful Cabinet & Furniture Manufacturer! (37928) For Sale

Indianapolis, Indiana, US
Asking Price:
$850,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$2,421,044
Cash Flow:
$317,256

Highly successful and growing! Business booked for almost 2 years out! Servicing Indianapolis and Central Indiana, business offers specialized manufacturing of hand-built kitchen cabinetry and high-end furniture, plus remodeling relating to flooring, tiling, staircases, and more. Operated with a quality focus, company is known top products as they boast popular services like six-week production times and a two-day cabinet install afterwards! With no clients apart from their main consumer making over 8% of the annual income, nor its Top Ten representing no more than 56%, company carries almost three decades of industry experience and strong local reputations. Found in prime condition, workplace is a vast production facility that measures 42,000 square feet sited over six acres, featuring around 39,200-sq.ft. of warehouse and storage room plus 2,800-sq.ft. of administrative space. Commercially zoned and capable of handling extra capacity for strategic expansions, full property is available for an optional purchase, subject to appraisal or may hold a fair market tenancy of $5,500 monthly, or about $66,000 per year. A debt-free business with rave ratings, Total Revenues reached $2,421,044 in 2022 alongside Discretionary Earnings of $317,256, plus Sale Projections of over $2.5 Million for 2023! Besides a maintained website and engagements throughout social media from Pinterest to Houzz.com, marketing efforts include home shows, TV ads, and backed referrals from their large and repeating customer base. A cross-trained team of 25 nonunion employees with management in place is most likely to remain post-sale for continued streamlined processes, after a flexible transitioning up to 24 months under current leadership. Showing huge growth opportunities on the commercial side through ongoing optimizations, partnerships, and added advertising, Seller can stay on board after acclimation in a negotiable part-time capability if so desired. Based on an independent evaluation! This one is a no-brainer and primed to be a great opportunity for the right buyer!

Property Information

Real Estate:

Lease

Lease Terms:

May also hold a fair market tenancy of $5,500 monthly, or for about $66,000 per year

Location:

Property marketed at $750,000 is available for an optional separate purchase.

Size in square feet:
42,000+/-

Business Operation

Reasons for selling:

Selling to focus on family.

Trading hours:

Monday to Friday 6AM - 4PM.

Employees:
25 nonunion.
Years established:
1995

Other Information

Support & training:

Management is in place to continued streamlined operations after a flexible Transitioning up to 24 months under current Owner.

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:
$350,000 - included in the asking price
Inventory / Stock value:
$175,000 - included in the asking price