This cabinetry / countertop business provides wholesale and retail customers with access to superior design and installation services as well as high quality products to meet their cabinetry and countertops needs. The business has a strong and loyal wholesale customer base, with a strong history of repeat business, in addition to a robust and growing retail customer segment. The company supports these customers with a highly experienced staff as well as a modern, updated showroom to showcase the newest styles and finishes. The business is located in Southern Maine and serves some of the highest growth residential communities in Maine, in a 6,200 sq. ft. building with excellent traffic counts. In addition to a sizable retail showroom the current location allows for work-in-process storage, allowing the business to store goods until a complete order is ready for delivery / installation – significantly decreasing the chance for loss or damage of goods delivered to the jobsite. [Note: For an interested buyer, the building is also available for sale and offers significant rental income opportunity, with approximately 25% of the building currently leased. Contact us for more details] This is an exceptional opportunity for a corporate acquirer in a related or complementary business or for an individual looking to combine sales, marketing and management skills in a profitable and fast growing business.
MARKET: The company’s current market area is expected to provide exceptional sales opportunities for many years into the future and the company has a strong market presence in it. The business differentiates itself from its competition by providing better customer service, from design, through product selection to delivery and installation, while offering competitive pricing. The company has a growing market share, as well as an expanding customer base. Its size and reputation will allow it to continue to increase sales for the foreseeable future. In particular, the company believes that its recent expansive growth will continue as the local business environment continues to improve. An acquirer could also expand select markets, such as the residential remodeling market, and/or expand the product offering. The business has been developed with a focus on building a stable customer base and revenue stream, allowing for expansion into more profitable, but more variable, services in the future.
FACILITIES: The company’s building encompasses 6,200 square feet. Built in 2003, the building was designed to be subdividable into four roughly equal units. Currently, the business uses approx.. 2,350 sq. ft. as its retail showroom, with an additional 2,350 (+/-) sq. ft. used for product storage, with the balance of the space leased to an existing tenant. Facilities as currently utilized by the operating business (4,700 sq. ft.) are available for lease starting at $4,400 per month and 50% of real estate taxes (approx. $57,750 / year).
REAL ESTATE: $750,000
Asking Price $495,000
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