NEW LISTING: Highly Profitable Custom Cabinetry & Closet Design Business For Sale

Business Number: #06042102.1

Business Type:  High End – Custom Cabinetry & Closet Design Center

Years in Business: 27

Great growth opportunity to expand custom cabinetry & closet storage solutions business. Steady, profitable business since 1994 with 2,650 sq. ft. showrooms and four different levels of product to choose from.

1.5 sales & design personnel, 1 office administrator, 1 full-time design & install, and 6 long-term, 1099 sub-contractors to meet the needs of your customers with quality products in the home improvement market space.

Key Strengths or Product Focus:

  • Consistently profitable, with tremendous upside potential
  • Excellent location, Northwest of Cincinnati, within minutes of 3 major highways
  • Established reputation includes strong, trusting relationships with local consumers & contractors
  • Well established list of repeat clientele
  • Financially stable

Location/Facilities:

Conveniently located in the northwest part of Cincinnati, Ohio. This location offers convenient access to two major highways, allowing easy travel anywhere in Greater Cincinnati within 30-45 minutes.

The location features three showrooms at a total lease cost of $2,700 per month:

• A 1,200 sq. foot showroom for custom and semi-custom cabinets and hardwood flooring
• An 850 sq. foot showroom featuring mid-level countertops and flooring
• A 600 sq. foot Custom Closets storefront

Entire building is 13,920 sq. ft. and is available for sale separate from the business.

Building has three commercial store fronts and several well maintained apartments upstairs. (4,570 sq. ft. retail + 9,150 sq. ft. residential)

Hours of Operation:

Monday-Friday 10:00am-5:00pm, Saturdays 10:00am-2:00pm (After Hours by Appointment) 

Sales/Revenues:

Projected 2021 sales of $1,200,000

Average Annual Sales past five (5) years $817,143

Average Annual Sellers Earnings past five (5) years $103,873

Sales are up 36% and Net Profit up 210% through May 31, 2021

Type of Projects:

High-End Custom Cabinets and Closet Storage Solutions

Industries Served:

Residential and Commercial

Area Served:

Greater Cincinnati Area

Employees:

1.5 Sales, 1 Office, 1 P/T installers, 6 Sub-Contractors (1099)

Experience Necessary:

Sales, Design

Fixed Assets Value:

$116,000 (Included in sell price – RE not included in business sell price)

Inventory Value:

$40,000 (Included in sell price)

Upside Potential:

Poised for growth (Target audience 10-25 year old homes in Greater Cincinnati)

Other Comments:

Turnkey Business. Most work is accomplished through employees and several long-term sub-contractors who are experts in home and office remodeling. Owners will help with transition over 60-90 day period.

This company takes pride in hands-on selection of custom cabinetry and storage options. Competitors are either tied up with new home builders, or they are big box stores (Lowes & Home Depot) offering lower end cabinetry and storage options.  This business focuses on specific segment of the market, where higher end quality and custom options make a difference.

Seller Retiring (P/T Sales & Office/Owners willing to work through agreed transition period)

Family owned and operated since inception in 1994

Reputation for high end design, with quality products and reliable timelines for installations

Note:

Summary of Financial Data available when signed non-disclosure agreement and financial source/statement is submitted to the broker agent.

*2021 Sales are up 36% through May 31, 2021, and Net Profit is up 210%

Selling Price:

$495,000 (Does not include Real Estate)

Real Estate available for sale or lease separate from business at $750,000

Broker:

Mike Lohbeck, CBI at MGL Business Solutions LLC

Mike@MGLBusinesssolutions.com

Call now to set up meeting at: (513) 200-0247

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