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Custom Kitchen And Bath Remodeling Company
Location Virginia,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1077752
Net Profit / Cash Flow $155155
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1994
Number of Employees 4 - 5
Inventory 438000
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training Owner will provide an appropriate training period to ensure a smooth transistion.
Reason for Sale Owner wishes to retire.
Description Drawing customers throughout northern Virginia, this full-service company is independently owned and operated, offering several options to ensure a personalized and customized approach to their client's needs in kitchen and bath remodeling and custom cabinetry for the entire home. Customers include homeowners, architects, designers, builders and other remodeling firms. Since 1994, the superior craftsmanship coupled with the use of high quality products and excellent customer service has helped build the reputation of this successful business.
Many companies in the area sell and install pre-fabricated cabinets, but what sets this business apart from its competitors is the ability to also design and build custom cabinetry in its fully-equipped manufacturing facility. Referrals alone make up nearly 100% of business. Additional exposure results from the company's website, featured projects in magazines, and publication of authored articles for a professional organization.
The sellers have spent the last 18 years building a sustainable business, and the new owner will benefit from the loyal customer base, experienced employees, and a market that continues to grow. The sellers have developed a growth plan that they will share with the new owner at the appropriate time and help implement during the transition period.
The business is located in a well-maintained commercial condominium unit that is accessible to the highway with ample parking. The buyer of this company would benefit from this turnkey operation by purchasing the commercial condominium unit along with the business. The unit includes a large office space, extensive new showroom, and a new manufacturing plant. The facility serves more as a "destination" showroom without drive-by or walk-in traffic.
Due to the combined real estate and business package, the buyer has the potential advantage to obtain an attractive SBA 504 Loan that will provide both immediate and long term benefits.
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