Extremely Successful, Residential Cabinet and Countertop Business

General Business Information

Listing ID:

4110-00302

Listing Type:

Exclusive Right of Sale

Price:

$0

Category:

Retail Miscellaneous

Subcategory:

Kitchen Cabinets

County:

Broward

State/Prov:

Florida

Country:

United States

Sales:

$13,485,845

SDE:

$2,085,619

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

Location:

South Florida

Organization Type:

Sole Proprietorship

Hours of Operation:

M - F 8:30a - 5:30p; Sat 10a -4p; Sun 11a -3p

Years Established:

10

Years Owned:

8

Employees FT:

12

Managers:

3

Is Relocatable:

No

Is Home Based:

No

Is a Franchise:

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
$13,485,845

$9,150,092

$4,335,753

$2,689,294

$1,646,459
$0

$0

$0

$0

$439,160
$2,085,619
2021
$11,643,313

$7,235,413

$4,407,900

$2,775,000

$1,632,900
$0

$0

$0

$0

$400,000
$2,032,900
2020
$8,315,776

$6,071,471

$2,244,305

$1,998,074

$246,231
$0

$0

$0

$0

$493,357
$739,588
Assets Included in Sale

Leasehold Improvements:

$130,000 Included

Accounts Receivable:

$750,000 Included

FF+E:

$25,000 Included

Total Assets Included:

$905,000

Lease Information

Terms and Options:

Multiple option Periods

Building Type:

Multiple Buildings/Locations

Summary

Reason for Sale:

Discuss with the sellers their reasons for the sale.

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

Carey Sobel

Carey Sobel
General Business Information

Listing ID: 4110-00302

Listing Type: Exclusive Right of Sale

Price: $0

Category: Retail Miscellaneous

Subcategory: Kitchen Cabinets

County: Broward

State/Prov: Florida

Country: United States

Sales: $13,485,845

SDE: $2,085,619

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

Location: South Florida

Organization Type: Sole Proprietorship

Hours of Operation: M - F 8:30a - 5:30p; Sat 10a -4p; Sun 11a -3p

Years Established: 10

Years Owned: 8

Employees FT: 12

Managers: 3

Is Relocatable: No

Is Home Based: No

Is a Franchise: No

Is Lender Pre Qualified: No

May Qualify for a Visa: Yes

Financial Information
INCOME PERIOD, Year: 2022


GROSS SALES: $13,485,845

– Costs of Goods Sold: $9,150,092

= Gross Profit: $4,335,753

– Total Expenses: $2,689,294

= Net Before Taxes: $1,646,459



ADD BACKS

+ Owner(s) Salary: $0

+ Benefits: $0

+ Interest Expense: $0

+ Depreciation: $0

+ Other : $439,160



TOTAL OWNER BENEFIT: $2,085,619

INCOME PERIOD, Year: 2021


GROSS SALES: $11,643,313

– Costs of Goods Sold: $7,235,413

= Gross Profit: $4,407,900

– Total Expenses: $2,775,000

= Net Before Taxes: $1,632,900



ADD BACKS

+ Owner(s) Salary: $0

+ Benefits: $0

+ Interest Expense: $0

+ Depreciation: $0

+ Other : $400,000



TOTAL OWNER BENEFIT: $2,032,900

INCOME PERIOD, Year: 2020


GROSS SALES: $8,315,776

– Costs of Goods Sold: $6,071,471

= Gross Profit: $2,244,305

– Total Expenses: $1,998,074

= Net Before Taxes: $246,231



ADD BACKS

+ Owner(s) Salary: $0

+ Benefits: $0

+ Interest Expense: $0

+ Depreciation: $0

+ Other : $493,357



TOTAL OWNER BENEFIT: $739,588

Assets Included in Sale

FF+E: $25,000 Included

Accounts Receivable: $750,000 Included

Leasehold Improvements: $130,000 Included

Total Assets Included: $905,000

Lease Information

Terms and Options:

Multiple option Periods

Building Type: Multiple Buildings/Locations

Summary

Reason for Sale:

Discuss with the sellers their reasons for the sale.

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