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Kitchen and Bathroom Cabinets - Sales, Design, Install - SOLD

Location: Wilmington NC

ID: (#200914)

This Business Has Been Sold.
200914
Price:$880,000
Revenue:$2,400,000
Cash Flow:$490,000
FF&E (Assets):$48,000
Inventory:$0
Real Estate:$0

Overview

This is a well-established business that provides full service for high end kitchen and bath cabinets from design and sales to installation. It has consistent annual revenue over 2MM and owner’s discretionary earning has been on average $450,000. Owner is looking to retire. His position is customer service and design and has to be replaced. Buyer has to either bring the required skill set or hire an additional designer. No licenses are required to operate this business.
The leased business location has a showroom, offices and warehouse space. Option to purchase the property is negotiable.

*Images are stock photos and do not reflect the actual business or product line.

Details

Reason for Selling:

Retirement

Established:

1995

Employees:

9

Furniture, Fixtures, and Equipment (FF&E):

Two vehicles and all tools used in the business are included in the sale.

Facilities:

Leased, option to purchase negotiable.

Inventory:

Showroom inventory included in the sale.

Competition:

Numerous competitors in the area but business has a stellar reputation to provide excellent service, competition has never been a concern.

Opportunities for Growth:

Currently no marketing efforts to grow the business undertaken.

Support and Training

Seller will provide transition and training as agreed as part of the sale.

Broker Contact Information

  • Regina Fisher
  • North Carolina - Wilmington
  • (910) 520-0737 Mobile
  • (910) 520-0737 Office
  • (910) 623 9033 Fax
  • Appointment Only:
  • NC #282486
  • North Carolina - Wilmington
  • By Appointment Only
  • 1314 Culbreth Dr
  • Wilmington, North Carolina 28405
  • Real Estate Broker: NC #282486