Business Category: Lumber and Wood Products and Manufacturing Businesses
City/Region: Berrien County
Listing Price: $299,000
Cash Flow: $108,900
Established over 40 years ago in Southwest Michigan, this Company designs, builds, and installs high-end, custom cabinetry throughout the region. The Company operates out of a 12,000 square foot facility filled with an extensive line of well-maintained equipment. This facility was specifically developed for the Company’s operations and features designated spaces for woodworking, finishing, storage, a showroom and office space. There is also ample parking.
Current owners are looking to retire and anticipate selling the associated real estate with the business.
For someone seeking to be their own boss, the Company provides a wonderful and solid foundation: fantastic reputation, customer base, well-maintained equipment and seasoned employees in place. Don’t miss out!
The business and real estate are for sale for $599,000.
Opportunities For Growth:
(1) Sales and Marketing Efforts: The Company would benefit from obtaining a web presence, a dedicated salesperson, and a focused marketing strategy targeting architects, builders and general contractors.
(2) Product and Service Expansion: Branching out into new markets with new services may be a strategy worth pursuing.
(1) Hard Assets: A significant proportion of the value of the Company is comprised of woodworking equipment, which has an estimated fair market value of over $150,000. These hard assets may serve as collateral for financing the purchase of the Company or a means of reducing the risk, should the buyer use entirely their own funds for the acquisition.
(2) Advantageous Location: The Company has the advantage of being located in a very low-cost city in Southwest Michigan, but in relative proximity to many areas with affluent populations. This enables the Company to price its products competitively while still maintaining healthy margins.
Real Estate Value: $300,000
Real Estate Available: For sale or lease
Reason For Sale: Retirement
Number of Employees: 4