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General Business Information
Listing ID:
PL-CS-00302
Listing Type:
Exclusive Right of Sale
Price:
$0
Category:
Retail Miscellaneous
Subcategory:
Kitchen Cabinets
County:
Broward
State/Prov:
Florida
Country:
United States
Sales:
$13,610,000
SDE:
$2,359,987
Description of Business
This 10-year old business provides consumers with access to affordable discounts on high quality, modern and European style all-wood kitchen cabinets and countertops (marble, granite, quartz, quartzite). Sales have grown exponentially over the past 24 months and internal consolidation continues to provide significant momentum.
Sales are 100% to homeowners across the South Florida area through 3 strategically located brick-and-mortar locations. Sales are fueled by strong online marketing capabilities, with great margins on their products. Inventory is not kept on hand, and there is no debt on the business. Countertops are installed by trusted subcontractor fabricators, and cabinets are installed internally. Strong vendor relationships and long tenured staff provide comfort for continuity.
Many opportunities exist to increase top and bottom line numbers; scalability is achievable with further operational restructuring, geographic expansion, and combined branding/buying power. Whether evaluating this as a motivated owner/operator, a bolt-on to an existing operation, or a PE acquisition- this enterprise fits all agendas.
Listing Details
Hours of Operation:
M - F 8:30a - 5:30p; Sat 10a -4p; Sun 11a -3p
Years Established:
2014
Years Owned:
8
Employees FT:
11
Is Relocatable:
Yes
Is Home Based:
No
Is Lender Pre Qualified:
No
May Qualify for a Visa:
Yes
Financial Information
INCOME PERIOD, Year
GROSS SALES
– Costs of Goods Sold
= Gross Profit
– Total Expenses
= Net Before Taxes
ADD BACKS
+ Owner(s) Salary
+ Benefits
+ Interest Expense
+ Depreciation
+ Other
TOTAL OWNER BENEFIT
2022
$13,618,708
$8,698,391
$4,920,317
$2,884,840
$2,035,477
$0
$0
$0
$0
$0
$2,359,987
2021
$11,497,787
$7,331,957
$4,165,831
$2,445,188
$1,477,480
$0
$0
$0
$0
$0
$1,801,991
2020
$8,808,815
$5,841,254
$2,967,561
$1,982,793
$741,594
$0
$0
$0
$0
$0
$1,068,204
Assets Included in Sale
Leasehold Improvements:
$25,000 Included
Accounts Receivable:
$750,000 Included
FF+E:
$130,000 Included
Total Assets Included:
$1,810,000
Summary
Reason for Sale:
The current ownership group has different agendas, between retirement, consolidation and growth.
Training and Support:
In order for a successful transition period, two of the owners are willing to stay with
the business for a longer period of time beyond the familiarization period.
Owner Qualifications:
Business Management
For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER
General Business Information
Listing ID: PL-CS-00302
Listing Type: Exclusive Right of Sale
Price: $0
Category: Retail Miscellaneous
Subcategory: Kitchen Cabinets
County: Broward
State/Prov: Florida
Country: United States
Sales: $13,610,000
SDE: $2,359,987
Description of Business
This 10-year old business provides consumers with access to affordable discounts on high quality, modern and European style all-wood kitchen cabinets and countertops (marble, granite, quartz, quartzite). Sales have grown exponentially over the past 24 months and internal consolidation continues to provide significant momentum.
Sales are 100% to homeowners across the South Florida area through 3 strategically located brick-and-mortar locations. Sales are fueled by strong online marketing capabilities, with great margins on their products. Inventory is not kept on hand, and there is no debt on the business. Countertops are installed by trusted subcontractor fabricators, and cabinets are installed internally. Strong vendor relationships and long tenured staff provide comfort for continuity.
Many opportunities exist to increase top and bottom line numbers; scalability is achievable with further operational restructuring, geographic expansion, and combined branding/buying power. Whether evaluating this as a motivated owner/operator, a bolt-on to an existing operation, or a PE acquisition- this enterprise fits all agendas.
Listing Details
Hours of Operation: M - F 8:30a - 5:30p; Sat 10a -4p; Sun 11a -3p
Years Established: 2014
Years Owned: 8
Employees FT: 11
Is Relocatable: Yes
Is Home Based: No
Is Lender Pre Qualified: No
May Qualify for a Visa: Yes
Financial Information
INCOME PERIOD, Year: 2022
GROSS SALES: $13,618,708
– Costs of Goods Sold: $8,698,391
= Gross Profit: $4,920,317
– Total Expenses: $2,884,840
= Net Before Taxes: $2,035,477
ADD BACKS
+ Owner(s) Salary: $0
+ Benefits: $0
+ Interest Expense: $0
+ Depreciation: $0
+ Other : $0
TOTAL OWNER BENEFIT: $2,359,987
INCOME PERIOD, Year: 2021
GROSS SALES: $11,497,787
– Costs of Goods Sold: $7,331,957
= Gross Profit: $4,165,831
– Total Expenses: $2,445,188
= Net Before Taxes: $1,477,480
ADD BACKS
+ Owner(s) Salary: $0
+ Benefits: $0
+ Interest Expense: $0
+ Depreciation: $0
+ Other : $0
TOTAL OWNER BENEFIT: $1,801,991
INCOME PERIOD, Year: 2020
GROSS SALES: $8,808,815
– Costs of Goods Sold: $5,841,254
= Gross Profit: $2,967,561
– Total Expenses: $1,982,793
= Net Before Taxes: $741,594
ADD BACKS
+ Owner(s) Salary: $0
+ Benefits: $0
+ Interest Expense: $0
+ Depreciation: $0
+ Other : $0
TOTAL OWNER BENEFIT: $1,068,204
Assets Included in Sale
FF+E: $130,000 Included
Accounts Receivable: $750,000 Included
Leasehold Improvements: $25,000 Included
Total Assets Included: $1,810,000
Summary
Reason for Sale: The current ownership group has different agendas, between retirement, consolidation and growth.
Training and Support: In order for a successful transition period, two of the owners are willing to stay with
the business for a longer period of time beyond the familiarization period.
Owner Qualifications: Business Management
LISTING BROKER