LISTING DETAILS
Listing Status: Under Contract
Asking Price: $1,400,000
Total Sales: $2,435,065
Cash Flow: $711,981
Real Estate Asking Price: $3,250,000
FFE: $1,037,106
Inventory: $30,000
Year Established: 2006
Employees: 15
Description
Business Summary:
Excellent opportunity to own a custom woodworking company based in Northern Virginia that specializes in the design, fabrication, and installation of cabinets and vanities. The business was founded in 2006 and serves both residential and commercial customers out of a ~13,000 square foot facility with state-of-the-art technology and equipment. The facility is situated in an industrial complex, housing a comprehensive suite of amenities including office space, a selection room, and an integrated manufacturing facility, all consolidated under a single roof.
In addition to the popular custom build concepts for kitchens, mudrooms, home offices, libraries, family rooms, fireplaces, and entertainment centers, the company also offers a range of semi-custom built-in cabinets specifically designed to cater to the needs of home builders and re-modelers. The Company’s in-house design team caters to the needs of the homeowner and the home-builder market before creating practical, space-maximizing solutions that suit their objectives and budgets. This flexibility ensures optimal utilization of space, accommodating diverse dimensions and fulfilling various functional requirements.
The business is led by an experienced management team supported by qualified and skilled craftsmen with over 30 years of individual woodworking experience. There are established relationships in place with a number of key vendors and wholesalers which fosters a reliable supply chain and advantageous pricing dynamics, further fortifying the company's competitive edge. The housing and home improvement market in the Mid-Atlantic region has positive projected growth trends. The domestic cabinet and vanity manufacturing industry continues to experience long-term growth and expansion as well. The company has generated steady revenue, net income, and gross margins in recent years making the business an attractive acquisition candidate.
Description of Facilities: The owner of the business is the landlord and will offer favorable lease terms or will sell the Real Estate for $3,250,000. The Real Estate is available for sale with long term tenants in place as well.
Competition: There is limited direct competition in the market.
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, and re-modelers.
Seller Financing Available: Yes
Training & Support: Seller will provide necessary training and transitional support to the next owner.
For more information on this listing, please complete our Non-Disclosure Agreement
