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Bank Financing Available-Suburban Custom Cabinet Mfg for sale in MN

Minnesota (MN)

Asking Price: Gross: Cash Flow:
$ 1,500,000 $ 1,668,686 $ 298,610

Furniture and Fixtures Value:
$ 335,075 (included in the asking price)

Inventory Value:
$ 25,000 (included in the asking price)

Real Estate:
$ 675,000 (included in the asking price)

Business Summary:
For almost 40 years, this successful custom cabinet business located in a Twin Cities suburb has been creating quality cabinetry for the home. A bank has proposed financing the acquisition of this business and the real estate to a qualified buyer. Their cabinets are made for kitchens, baths, home offices, fireplaces & entertainment centers, bars, mudroom & laundries, hutches & furniture and built-in storage. Their process starts with understanding the customer's needs, creating the design that fills that need, drafting the cabinets and the design layout, constructing the cabinets with attention to detail and finally having skilled installers install these custom cabinets into the customer's home.

 

   
Year Business was Established: 1980
   
Number of Employees: 8 FT  
   
Facilities / Terms of Lease: The business is located in a 10,700+ square foot building owned by the owners through a separate legal entity. The building houses the showroom, offices, design/drafting offices and the manufacturing floor where raw material is stored, the cabinets are made, and the finished products are stored until delivery. The building sits on the 2 1/2 acre lot with sufficient asphalt parking spaces for both customers and employees. The building was built in 1997 and is in excellent repair. The showroom was recently remodeled. For use of the building, the business pays rent to a separate business entity owned by the business owners. Approximately 700 square feet is rented out to another company who has been in that space for about 20 years.  
   
Potential Growth/Expansion: The business have grown by about 9% a year over the last 5 years. A more active marketing effort, like additional advertising, attending home shows, etc. could create additional growth opportunity.  
   
Competition: There are other custom cabinet making competitors within the surrounding area as well as across the Twin Cities of Minneapolis & St. Paul.  
   
Owner willing to train: Will train for 4 weeks @ no cost  
   
Reason for selling: The owners wish to retire.  
   
Seller Reference Number: 5102-14164
BusinessMart.com Listing Number: 228899
 

 

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For more info contact:

Craig Sanford

Murphy Business & Financial Services
727-725-7090

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