Advert Ref: 023169

High Profit Cabinet Shop--40 Year History--excellent Financials For Sale

  • California - North
Asking price:
$795,000
Sales revenue:
$2,409,000
Net profit:
$370,000

Photograph of this business for sale

This business is deemed ‘essential’ and has remained open and quite busy in 2020.

Tremendous opportunity to purchase a premier cabinet making shop in the SF North Bay Area. A strong focus on superior craftsmanship and outstanding customer service has created a very strong referral base and name recognition for this business, which has helped it to prosper for decades with little to no advertising. Pre-approved for an SBA loan for a qualified Buyer with only 15% down!

The business is fully equipped and staffed with highly skilled and long term employees including woodworkers, office staff, and a marketing/project manager.

This business offers a wide range of custom cabinetry and millwork for kitchens, home offices, bathrooms, closets systems, entertainment centers, as well as commercial cabinetry. Customers include contractors, designers, architects, as well as individual home and business owners. This business is deemed ‘essential’ and has remained open and quite busy in 2020.

This business operates out of a beautifully equipped approximately 12,000 sq foot manufacturing facility chock full of state of the art woodworking equipment. The Business Owner also owns the real property, and will execute a long term lease for a new owner. Lease terms will match what the business has been paying, a reasonable rent of $1 per square foot. Per the owner, the shop is operating at about 65% capacity, and has plenty of room to grow with a new owner. The shop is beautifully designed for efficient operation, with automated computerized equipment, adjustable tables, and dust collectors on the equipment.

This business has a very high asset value. The shop is loaded with state of the art woodworking equipment. Major equipment includes a Unique Shape and Sand Machine, a 3-Head Wide Belt Sander, Morbidelli CNC Nesting Based Router, a brand new Beisse Edgebander, Centralized Dust Collection System, Tiger Stop Systems, etc. The Business utilizes a variety of high end Cad/Cam Design Software to create and produce its products.

Assets also include two 20’ Isuzu Box Trucks for Deliveries, a forklift, pickup truck, shop car, and a 16 Camera security system.
The shop equipment included with the sale is very extensive, and needs to be seen to fully appreciate. Interested Parties should contact Broker to schedule a tour.

Per the owner, a Contractors License is NOT required to operate this business. Contact broker for details. Inventory of wood and hardware is in addition to the purchase price, and estimated at $50K.

Disclaimer: the information provided here is compiled from information obtained by the seller(s). The broker makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification and that of their financial &/or legal advisors with regard to this information

Property:
Leasehold
Lease terms:
The Business Owner also owns the real property, and will execute a long term lease for a new owner. Lease terms will match what the business has been paying, a reasonable rent of $1 per square foot.
Location:
Beautifully equipped facility which is approximately 12000 sq ft. Efficiently designed and chock full of high end woodworking equipment.
Premises details:
This business operates out of a beautifully equipped approximately 12,000 sq foot manufacturing facility chock full of state of the art woodworking equipment. The Business Owner also owns the real property, and will execute a long term lease for a new owner. Lease terms will match what the business has been paying, a reasonable rent of $1 per square foot. Per the owner, the shop is operating at about 65% capacity, and has plenty of room to grow with a new owner. The shop is beautifully designed for efficient operation, with automated computerized equipment, adjustable tables, and dust collectors on the equipment.
Size in square feet:
NaN

Expansion potential:
Per the owner, this shop is operating at only about 65% of it's production capacity, so there is plenty of room to expand. The business has done very little to no advertising for years, but if a new owner wanted to grow even bigger a marketing campaign would likely help
Competition / Market:
With a decades long track record, this business thrives on referrals and repeat business and does not have to be too concerned about competition!
Reasons for selling:
After about 40 years of highly successful operation, the owner is ready to take it a bit easier.
Employees:
Fully staffed with long term experienced employees.

Support & training:
Seller will provide a training period to the new owner.
Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
$50,000

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