Custom Cabinets Manufacturing & Sales

37 YEAR OLD CUSTOM CABINETS MANUFACTURING, SALES AND INSTALLATION TO CUSTOMERS IN LOS ANGELES AND VENTURA COUNTIES. THE COMPANY IS WELL KNOWN FOR ITS HIGH-END CUSTOM DESIGNS AND UNMATCHED HIGH QUALITY PRODUCTS AND WORKMANSHIP. THE BUSINESS HAS BE PROFITABLE AND HAS BEEN IMPACTED IN 2020 BY THE COVID19 PANDEMIC. THE OWNER WAS SICK FOR 3 MONTHS. BUT BUSINESS IS RECOVERING AND SEPTEMBER WAS VERY STONG. OWNER BELIEVES THAT, WITH A NEW HIGHLY ENERGETIC OWNER WHO CONTINUES TO PROVIDE THE SAME HIGH QUALITY PRODUCTS AND SERVICES, THE BUSINESS WILL REBOUND AND GROW AS THE ECONOMY IMPROVES. CONSTRUCTION AND REMODELLING APPEAR TO BE ON THE RISE AND SHOULD FACILITATE AN UPTURN IN BUSINESS GOING FORWARD. OWNER HAS ELECTED TO RETIRE AND IS WILLING TO TRAIN AND HELP THE NEW OWNER THROUGH THE TRANSITION.

Please refer to listing ID: MFGCABINETS2020

Industry:  Manufacturing
Industry Segment:  Furniture Manufacturing
Geography:  United States > California > North Hollywood
Asking Price:  $275,000
Gross Revenue:  $670,000
Cash Flow:  $80,000
Value of Inventory:  $10,000
Value of Equipment:  $90,000 (Included in Asking Price)
Seller Financing:  Seller will finance $50K
Year Established:  1983
Mgmt. Training/Support:  Seller shall train Buyer
Reason For Selling:  Retirement
Market Outlook/Competition:  Construction; Home and Office Remodeling are on the rise.
Name:  Bonaventure Wakam
Email:  info@khaminc.com
Phone:  805-644-9588