Listing Number: 3112021-924824
Description
This state-of-the-art cabinet manufacturing shop was created and continuously improved oved the last 12 years by a general contracting company specializing in residential home improvements. Four years ago, the cabinet operation was separated into it own company (a Maryland LLC). Owner is looking to divest the cabinet manufacturing business but hopes to become a buyer of its products under new ownership.
Since owner's focus has been on the general contracting business, there is tons of head room for the right buyer with resources to grow the company. Over $1.4 million was spent to set up the operation -- $900,000 in purchased equipment and $500,000 in leasehold improvements to the 9,200 sf facility.
Seller will provide training and transition services to ensure a smooth turnover. Some seller financing available for the right buyer.
Listing Details
- Price: $590,000
- Down Payment: --
- Sellers Discretionary Earnings: $0
- Total Sales: $500,000
- Location: Montgomery County, Maryland
- Inventory: $0
- FF&E: $900,000
- Employees: 4
- Year Established: 2020
- Reason for Selling: Focus on complementary business
- Category: Construction
