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Location: Broward County, Fl
Business Category: Retail Miscellaneous
Business Subcategory: Kitchen Cabinets
Listing ID: PL-CS-00302
Listing Status: New
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.
Down Payment: $6,995,000
Total Sales: $13,610,000
Discretionary Earnings: $2,009,000
Accounts Receivable: $750,000
Accounts Receivable Included: Yes
FFE Included: Yes
Year Established: 2012
Year of last Acquisition: 2012
Lender Pre-Qualified: No
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