Asking Price $680,000
Financial Information
Revenue: $929,301 Income: $385,174
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High-Quality, Custom Closets and Cabinetry Company Ready for Expansion

Growing customer base in densely populated, affluent tri-state area; 52% YoY growth; Three different lines of business, all showing stable to high future growth potential; Located in a 4,000-sf workshop with room for expansion that is available for purchase or lease

*Ideal Add-on for Custom Home Construction Companies*

Revenue increased by 52% from $609,280 to $929,301 in 2022. During the same period, net income increased by 37% to $114,758 compared to $83,904 in 2021. Seller's discretionary cash flow totaled $385,174, which is more than twice 2021's figure.

Poised for rapid growth, the Company creates high-quality, custom closets and cabinetry for residential and commercial customers, along with storage solutions for closets, mudrooms, garages, and other spaces.

Their exceptional customer service and quality products have created a strong reputation for the Company in its area of expertise.

Purchase Considerations

- SBA prequalified.

-The Company manufactures its products, reducing mistakes and lead times, while allowing customers to shop locally.

-The current owner has over 40 years of experience in the industry and is available to help with post-sale training.

-Significant opportunities for continued growth exist, especially through marketing and expanding their product offerings.

Certain principals of Raincatcher are registered representatives offering securities and investment banking services through Britehorn Securities, a registered broker-dealer (member FINRA/SIPC). Britehorn Securities and Raincatcher are not affiliated entities.

Locations
regionLevel
Employees
5 Full time,   2 Part time  
Years in Business
33
Asking Price
$680,000
Terms

Negotiable

Ownership
2 @ 50% 
Facilities
4,000 sf building - new owner can purchase or lease the property from the current owners
Reason For Sale
Owners are preparing for retirement