Last Revised: 10/25/19. Posting #: 10249157
Key Words: kitchen, cabinets, cabinetry, wood, wood cabinets, kitchen cabinets, distributor, distribution, san mateo
Financial Info: Asking Price: $699,900. Annual Sales: ~$500,000; Annual Net: ~$200,000. Performance based on owner-operator working 60% of “normal” workdays. SBA-loan pre-approval pending. Some seller-financing may be available for a qualified buyer.
Profile: Kitchen Cabinet Retail Sales Broker-Distributor
With a select group of top-quality manufacturers, this business sells elegant affordable custom all-wooden ready-to-assemble kitchen & vanity cabinetry delivered in days, serving the greater San Francisco Bay Metro Area. One owner, no employees. 100 vacation days a year. SBA-approval pending. BBB A+ rating. Semi-absentee potential.
Annual Sales: ~$500K, Annual Net/SDE: ~$200K. Performance based on owner-operator working 60% of “normal” workdays. The Asking Price is $699,900; All reasonable offers will be considered. SBA-loan pre-approval in process. Some seller-financing may be available for a qualified buyer.
> Every-day, same-day great pricing on In-Stock Cabinets
> Custom Cabinets are delivered in about 2-7 days
> A limited selection of cabinets are shipped nationwide
> Customers shop on-line, by telephone, by email, or by fax, or at the private showroom on the San Francisco Peninsula by appointment
> Elaborate, extensive, state-of-the-art website with hundreds of graphic illustrations and detailed information to make online shopping simple and easy for the homeowner, the contractor, the designer, or the re-seller.
> Prompt Professional Service
> Over 16 years of great service and sterling reputation
> BBB rating of A+, with zero claims…ever
> All-Wood cabinets are delivered “ready-to-assemble” (“RTA”) within 5-7 days: Raised Panel, Painted, Contemporary, Traditional, Arched-Door
> Cabinets are ALL WOOD Construction- NO MDF
> Extension Ball Bearing Slides on all drawers
> Soft close on all drawers and doors std. on most lines
> Dovetail Drawers standard on all lines
> Highest Quality Standards
> Additional Products include Cabinet Accessories, Plumbing Fixtures, Range Hoods, Quartz & Granite Countertops, etc.
> Sales are about $500,000 per year with net/SDE of $200,000, by one owner-operator, with no employees, and 100 vacation days every year! (Owner works about 60% of “full-time.”)
> The business is operated out of a private, “by appointment only” showroom.
> With a full-time owner-operator and “normal” vacations, and a storefront “by appointment” showroom, sales and profit could easily double (or more) in a year.
> Wholesale pricing and commission programs available to retailers, designers, and contractors.
> The business does no manufacturing, no assembly, no installation—no license or technical expertise required.
The Transaction will be for the purchase of the entire business. The ASKING price is $699,900 (~3.5X SDE / 1.4X annual gross revenue), plus then-current inventory at cost. Seller will provide all necessary training and support for a seamless and easy transition. Some seller financing may be available for a qualified buyer with adequate collateral.
The transaction would include the transfer of all tangible and intangible business assets, including but not limited to all FF&E, customer database, vendor relationships, website(s), domain name(s), phone numbers, trade name(s), intellectual property, etc.; but, not including A/R, A/P, cash-on-hand, lease security deposit(s), and business entity, with inventory acquired at a to-be-negotiated cost-basis price.
Note: All data on this business are provided by the Seller for information purposes only and no representations are made by the Broker as to accuracy. The Broker has made NO independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.
Broker: Tim Cunha, J.D. Cal. BRE# 01919755
Professional Resources & Contacts To Help You Close Your Deal!
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
Profile: I am an experienced entrepreneur, attorney, & business professor. I & my EvergreenGold® team offer business owners sound advice & expertise to build business value & achieve profitable sales. Call me today for a FREE business evaluation & SWOT analysis for your business anywhere in the USA.
Key Words: tim cunha, cunha, EvergreenGold, california, sf bay area, business broker, brokerage, san francisco, palo alto, santa clara county, contra costa county, alameda county, marin county, sonoma county, san mateo county
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
View All Related Resources & Advisors For This Posting
Profile: Anthony is a CPA, Certified Merger & Acquisition Advisor (CMAA) and is the founder of The NYBB Group, LLC. (New York Business Brokerage (2003) and NYBB Commercial Real Estate, Inc.). Anthony has a history as an entrepreneur having owned and operated several companies over the past 40 years.
Key Words: anthony citrolo, the nybb group, business broker, business intermediary, valuation, business valuation, consultant, daycare, pre school, furniture, equipment, direct mail, remodel, kitchen, bath, design, evaluation, hvac, painting, commercial painting, renovation, nassau, new york city
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: Obtaining business purchase financing can take business buyers many months, however, there are a number of ways Business Buyers can prepare in order to obtain faster SBA loan approvals from financial institutions. Peter Siegel, MBA shares a list of documents to have prepared for faster approvals.
Key Words: sba, sba loan, sba loans, financing, business purchase financing, peter siegel, financial
Profile: During the sale of your business, you are going to encounter many types of business buyers. BizBenNetwork Manager Jordan Green identifies 6 classifications of business buyers for business owners to look out for and explains their interests and motivations for buying a business.
Key Words: buyer, buyers, business buyer, business buyers, buy a business, entrepreneur, acquisition, acquire a business, jordan green
Profile: William Bruce, National Business Broker/Intermediary and Valuation Expert from Alabama, explains three important issues that arise when buying or selling a small business of any kind. These issues for business buyers and business owner/sellers include confidentiality, valuation, and financing.
Key Words: buying a business, buy a business, selling a business, sell a business, confidentiality, valuing a business, business valuation, financing, sba loans, loans, business purchase financing, 401k, william bruce
View Related Blog Posts For This Posting
Profile: Customers and potential business buyers can learn a lot about a business simply by its appearance. BBN Manager Jordan Green discusses the importance of curb appeal and how properly maintaining a business can not only add to its value, but also improve its ability to sell when the time comes.
Key Words: selling a business, curb appeal, jordan green
Related Discussions For This Posting
Comments & Replies: 11 Topics: advertising, buying a business, for sale by owner, non disclosures, selling a business
Profile: Recently a business owner asked me on the phone, "Why do you keep the sale of a business confidential? How do you keep the sale confidential - any good tips?" Multiple BBN Members weigh in on this topic and give some very good reasons why confidentiality is so important to both sellers and buyers.
Key Words: nda, confidentiality agreement, non disclosure agreement, confidentiality, confidential
Comments & Replies: 11 Topics: business brokers, buyer representation, buying a business, financing, non SBA loans, SBA loans
Profile: I was asked this question by a buyer: “I’ve been looking for a small business to buy for over a year. Many business brokers are telling me that if you don’t find a business (or at least make an offer on a business) within a year, you’re probably not really serious about buying a business.
Key Words: buying a business, purchase business, business buyers, buyer, buy a business
View All Discussions
Comments & Replies: 11 Topics: buying a business, deal structures, legal issues
Profile: Every day, I speak to business brokers and business owner/sellers, and I hear some pretty amazing stories about potential buyers of small to mid-sized businesses. I tend to ask them what traits they listen for to see if a potential buyer is serious and what traits or buyer actions are deal killers.
Key Words: buying a business, buy a business, mistakes, business buyers