Business Summary:
Excellent opportunity for a master cabinetmaker or engineer to purchase an existing woodworking shop that has an exceptional reputation, is growing and is profitable. The company specializes in custom made desks, tables, kitchen cabinets, mantels, doors and office furniture used in commercial and residential settings. The business has approximately 100 active customers located primarily in Connecticut, New York, New Jersey and the neighboring New England states. Sales are split between commercial (70% of annual sales) and residential (30%) customers. Approximately 60% of sales are with repeat customers. The buyer should be familiar with AutoCad and other architectural programs needed to estimate and design custom work. The existing equipment and facilities have the potential to realize approximately $1 million in annual sales. Everything is in place to take this company to the next level.
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| Year
Business was Established: 2009 |
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| Number of Employees:
4FT |
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| Facilities / Terms of Lease:
Sale will include all equipment, inventory and existing backlog of contracts (less completed work adjusted at closing). Includes all saws, sanders, compressors and a box delivery truck. Showroom inventory and office computers and equipment. A detailed list of equipment is available. The lease is not assaignable but landlord will work with new owner. |
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| Potential
Growth/Expansion:
The buyer will benefit from the purchase of a facility that has the existing capacity to more than double annual sales. |
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| Competition:
The custom cabinet industry is highly fragmented with manufacturers of various sizes. The company’s exceptional reputation for custom products delivered on time and within budget is the primary strength of this business. The shop is located within close proximity of downtown Hartford and adjacent to several high net worth suburban communities. |
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| Owner
willing to finance:
Owner is willing to consider take back financing that is properly secured. |
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| Owner
willing to train:
Owner is willing to stay on for a period of two to three months to train the buyer if needed. |
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| Reason for selling:
Owner wishes to retire, 72 years old. |
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Seller Reference Number: 41980138
BusinessMart.com Listing Number: 114826 |
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