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- RE: Custom Cabinet Manufacturer
- Contact: Edward Fitzgerald
Quick Facts
Asking Price: | $2,850,000 | |
Annual Revenue: | $5,800,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $700,000 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | 30 | |
BBN Listing #: | 978986 | |
Broker Reference #: | Not Disclosed |
Business Overview:
The Company is a regional manufacturer with a niche focus on custom cabinets and component cabinet parts for residential and commercial markets. With more than six decades of history in the industry and continued investment in the latest equipment and technology, the Company has established itself as a trusted market leader known for its exceptional quality and craftsmanship within the New Jersey/New York/Pennsylvania region. Driven by a well-experienced and knowledgeable workforce, the Company consistently maintains exacting standards for producing top notch products along with an exemplary customer experience.
There are two primary business lines that the Company dedicates its resources toward. Its core legacy operations focus on the design, engineering, and production of custom cabinets and millwork. In addition to the custom work, it also manufactures dovetail drawer boxes and other component cabinet and closet parts. For its custom cabinet business, the Company primarily sells through builders, designers, contractors and directly to homeowners for both remodel and new home build projects. Residential projects are supplemented by commercial work for professional office spaces, businesses in the hospitality industry, and other commercial facilities. For its drawer box and component parts business, the Company generally sells to smaller cabinet shops with workforces of less than 10 people as well as national distributors.
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Property Features and Assets:
36,000 square feet facility housing all production, warehousing, and back-office operations.
Market Competition and Expansion:
Being in business for over 50 years, the Company has positioned itself as a market leader with decades of customer relationships. With its strong reputation and established infrastructure, the Company has earned its customers’ loyalty and business. Also, there are few competitors in the region who also specialize in the niche product segments the Company handles with both is custom and component parts supply work.
There is great opportunity for expansion as the industry is anticipated to surpass $18 billion of revenue in the coming years with custom cabinets accounting for about 1/3 of industrywide revenue. The Company has invested in new equipment and technology to increase the capacity and efficiency of its production operations. With additional resources dedicated to establishing a robust sales & marketing program, the Company will be in prime position to capitalize on growing market demand.
Reason for Selling:
Succession Planning/RetirementAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more New Jersey businesses for sale
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