Manufacturer Of Commercial Laminated Cabinetry
Location Florida,United States
Asking Price Range $5.0M - $10.0M
Gross Revenues $8500000
Net Profit / Cash Flow $1267000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1988
Number of Employees 50 - 99
Inventory 4600000
Relocatable Not Disclosed
Number of Employees 50 - 99
Real Estate Owned
Training Operating owner will stay on.
Reason for Sale To take the company to the next level.
Description The Company, based in a major city in the Southern US and founded over 20 years ago, is a manufacturer of cabinets, counters, files, store fixtures, workstations, desks and personal living quarters in high quality plastic laminate. The Company operates out of a state of the art 122,000 sq ft. manufacturing facility and services the education, commercial, medical and government markets. The Company is an S corporation, owned 60% by the President / founder of the business and 40% by a financial partner. The Company is at a point where it can be taken to a much bigger level, and there is a clear path to achieve that goal. The President would like to gain liquidity and, at the same time, secure the resources to enable the Company to realize its full potential. The 40% partner, who is not involved in the day-to-day operations of the Company, would like to retire and cash out. The President and full management team would like to remain and be a part of the Company's future. The same two partners own the facility in a separate LLC. The facility was recently appraised at $7,150,000 and has a mortgage of $5,600,000. The owners are interested in receiving offers for the business with or without the facility. They are open to leasing or selling the facility. Contact for more information on this Cabinetry business for sale.
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