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Kitchen & Bath Cabinet Company
Location: United States -> New Jersey -> Morris County
Industry: Retail > Other Retail




Business Summary

Thirty-three-year-old highly successful Kitchen & Bath company now available due to the owner's retirement. This is a family-owned and operated retail kitchen and bathroom cabinet company with a yearly gross income of $769,208 and a net income of $156,000. The new operator does not require extensive experience in building or carpentry. With the computerized software now available, the showroom process is made simple. The company represents a basic sales operation, who specializes in kitchen and bathroom replacement. All the remolding is completed by third party contractors. Their products range from high-end to midlevel with a full menu of products offering the latest trends in traditional and contemporary styles for a new kitchen or bathroom. They diligently work to carry out their service and minimize the inconveniences of remodeling the kitchen or bathroom. They provide their clients with an outstanding experience from start to finish and service is their primary focus. They have cutting edge computer-aided Kitchen designs that is used to show elevations, perspectives and virtual tours of the new Kitchen along with traditional hand drafting. They will assist in selecting the perfect combination of custom cabinetry, appliances, countertops, tiles and flooring for a new kitchen or bathroom. This business has three employees who function as salespeople, who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $7,000. All of the installation is completed by third party companies. The business has an assignable commercial lease which expires 01/01/2023 plus additional options, cost per square feet is $11.92, with a monthly rent of $2,483 and rent security $5,000. The business fixed assets has an estimated value of approximately $125,000 which is based on equipment and licensing replacement cost. The business is active six days per week, with hours from 9:00 am to 7:00 pm. This is a dependable safe business.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $769,208
Cash Flow:   $156,000
Cash Flow Type:  EBITDA
Inventory:  $125,000
Seller Financing:  Yes

About The Business

Year Established:  1985
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The owner will remain post-closing for an appropriate time to supply an appropriate transitional period to the new operator. Also, if required the seller will supply additional training at a fair cost to the purchaser.
Reason For Selling:  The owner is retiring after many successful years in this retail industry.

Photos

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Kitchen & Bath Cabinet Company Photo 1




Print Listing Id: 700327125


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Also See: Franchise Opportunities > Franchise Resales > New Jersey Businesses For Sale > New Jersey Franchises For Sale > New Jersey Business Brokers



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