Highly Reputable Cabinet Manufacturer in OK! (17611)
ManufacturingFor Sale in OK
Financial & Assets Details
About the Business
From far northern Oklahoma, unique custom manufacturing and supply business provides in-house wood cabinets and countertops for building contractors and residential homeowners. With an A+ rating from the BBB for 12 years, their niche range of millwork includes cupboard doors, braces, laminated/granite tops, and other artisan products needed for remodeling or construction jobs. Headquarters is a prime production facility in excellent condition of 4,500 square feet that features 750-sq.ft. of office space and an ample parking lot; property has a triennially renewed lease while also being optional for purchase separate from the asking price. Despite currently operating at full capacity, company is Expandable. The facility can hold more employees and the lot is capable of handling additional capacity as well. The skilled personnel of six nonunion employees will most likely stay on and an experienced owner is willing to remain for a standard transition of up to twelve months. Besides maintaining a website, marketing efforts center on keeping solid client relationships and using their word-of-mouth referral source system. The current owner has slowed down some however, one could expand their large customer base by catering to regions within Kansas and Arkansas more than they do currently. Strategic moves such as a bigger staff and extra advertising can promote growth opportunities, benefiting any buyer who wishes to make positive returns from minimal capital investment. Gross Sales projections for 2021 are set to surpass previous numbers, which include Total 2020 Revenues of $488,322, along with Seller's Discretionary Earnings of $121,003; based on an independent evaluation!
Financing is negotiable for the right buyer.
Optional property is $150K – $200K, not included in Asking Price.
Support & Training
Owner Transition period of up to 12 months.
Reason for Selling:
Approaching retirement and/or pursuing other opportunities.