LISTING DETAILS
Listing Status: New
Asking Price: $399,995
Total Sales: $1,563,780
Cash Flow: $181,253
Real Estate Asking Price: N/A
FFE: $112,700
Inventory: $10,359
FFE Included in Sale: Yes
Inventory Included in Sale: No
Real Estate included in Sale: No
Year Established: 1984
Employees: 7
Description
Business Summary:
Unique opportunity to own an established and respected business that designs, builds, and installs custom cabinetry across Northern Virginia. The business is located in Fairfax County and has been family owned and operated for over 40 years. There is a team of tenured in-house designers and craftsmen who demonstrate their expertise by providing superior quality cabinetry for kitchens, bathrooms, libraries, built-ins, entertainment centers, wine cellars, and many other custom projects.
The business has two primary locations: a design showroom and a mill shop/production studio. The showroom is typically where clients first go to meet with designers to explore their project ideas and the mill shop houses both the custom cabinetry fabrication and finishing departments. The two locations are located a few miles from each other so it makes it easy for employees to travel to and from each location. The team takes enormous pride that all products are built locally. This also allows them to provide a level of service and responsiveness to clients that is rare in the industry.
The business has established relationships in place with numerous vendors and suppliers. They serve both the new home construction and remodeling projects with a belief that all spaces in your home should be both functional and beautiful. The award winning design team works with clients to create spaces with their specific needs and wishes in mind. While projects often start with high quality custom cabinetry they are able to seamlessly move onto all the other pieces of project – stunning counter tops, tile, fixtures, appliances and more.
*Please Note - the stated cash flow of $181,253 is the average cash flow from 2021-2023 and the stated revenue of $1,563,780 is the average revenue from 2021-2023. Each year was as follows:
2021: $1,518,181 Revenue/$264,161 Cash Flow
2022: $1,617,925 Revenue/$160,473 Cash Flow
2023: $1,555,234 Revenue/$119,125 Cash Flow
Trailing 12 Months: $1,430,505 Revenue/$118,209 Cash Flow
Based on the 3-Year history and looking at 2024's financial performance to date as well as the business's performance over a Trailing 12 Month Period the business was pre-qualified for an SBA loan for the advertised price.
Description of Facilities: The business operates out of two locations, a 2-unit condo in an industrial park which is the wood shop/production studio, and a showroom that is a short drive away. The showroom has several kitchen and bathroom displays and is located on high traffic road in a densely populated area near numerous residential and commercial centers.
The showroom is approx 1500 sq ft and is leased for $3720/mo. The wood shop/production studio is approx 3600 sq ft and is leased or $5932/mo.
Competition: There is standard competition for the industry and market, but this business has been established for over 40 years. The DC metro area is ideal for a business like this with new home construction and remodeling/renovation projects.
Growth & Expansion: A new owner has room to grow and expand the business. There are opportunities to implement marketing and advertising campaigns along with building more relationships with home builders, contractors, interior designers, and re-modelers.
Seller Financing Available: Yes
Seller Financing Terms: Available depending on the final purchase price, terms, and qualifications of the buyer.
Reason for sale: Owner is retiring.
Training & Support: Seller will provide necessary training and support.
For more information on this listing, please complete our Non-Disclosure Agreement
