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$225,000
Sold For
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$1,428,526
Revenue
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$317,889
Discretionary Earnings
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Yes
SBA Financing
LA County custom cabinet & furniture manufacturer for luxury homes is offered at $695,000 with $1.4M 2024 projected Sales and $317K 2024 projected DE. SBA financing is available for a qualified buyer with $114,606 down payment. The company has experienced growth and stability through customer acquisition, expanding the team, and moving to a larger space.
Summary
- Offered at $495,000
- $1.4 million Sales 2024 Projected Sales
- $317,889 2024 Projected Discretionary Earnings
- $114,606 with SBA financing
- 5 W2 employees
Services
- Custom Cabinets & Furniture Manufacturing & Installation for Luxury Homes
- Customers are General Contractors & Interior Designers working in high-end homes.
The company manufactures and installs custom-made cabinets for general contractors and interior designers with luxury home projects throughout southern California. The company does not compete with high-volume tract home cabinet manufacturers or semi-custom cabinet manufacturers. The company does not sell directly to consumers. The company is a licensed C-6 Cabinet, Millwork, & Finish Carpentry contractor.
There are substantial opportunities for growth as the company does no advertising and does not have a marketing campaign. The company can also expand its customer base of custom home builders/contractors and Interior Designers in the greater Southern California area.
Buyer Skills and Requirements:
The owner is actively running the business and the buyer must be willing and capable of learning to run the business.
The owner does all the quotes and proposals and designs the cabinets using SketchUp 3D CAD and MaxCut for efficient cutting. The owner also periodically helps in the shop.
The new owner must be capable of running a cabinet manufacturing shop.
The owner has a C-6 License Cabinet, Millwork, & Finish Carpentry contractor and will act as the RMO (Responsible Managing Officer) for the buyer for up to 12 months. The buyer will have to obtain their C-6 license.
The Seller will provide training for 4 weeks/40 hours per week and in addition, will provide limited consulting as negotiated after the initial training period.
Reason for Selling:
The owner has an opportunity for a corporate position in international banking.
Inquiries from principals only
Financial Summary
| Summary | 2021 | 2022 | 2023 | 2024 |
| Revenue | $1,188,408 | $1,420,790 | $1,120,203 | $1,428,526 |
| Cost of Goods Sold | $357,716 | $424,197 | $338,945 | $428,558 |
| Gross Margin | $830,692 | $996,593 | $788,926 | $999,968 |
| Operating Expenses | $737,089 | $776,252 | $671,540 | $755,494 |
| Net Profit | $93,603 | $220,341 | $117,386 | $244,475 |
| EBITDA | ||||
| Owners Benefits | $69,530 | $86,896 | $66,276 | $73,415 |
| Discretionary Earnings | $163,133 | $307,237 | $211,908 | $317,889 |