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Custom Cabinet And Trim Business-south Carolina For Sale

South Carolina, US
Asking Price:
$1,750,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,704,657 (USD)
Cash Flow:
$620,979 (USD)

The Company does all types of custom interior trim and cabinet work. About 80-90% of their business is new residential construction. They have been in business for 15+ years. Their main clientele are new custom home builders. About 10% of their business is remodeling work for individuals and businesses. The purchase comes with a full complement of equipment and vehicles and an experienced staff.

The property is available for sale for $400,000 or for lease at $40,000/year, payable monthly, NNN. The financials included a $40,000 per year rent charge. The SDE, if the property is purchased, would be $660,979.

Under the CARES Act as revised by the Stimulus Act, if you use an SBA 7(a) guaranteed loan, this company qualifies for 3-months of principal and interest paid by the SBA to the lender on your behalf (up to $9,000 per month). The loan payments paid by the SBA are not taxable. The SBA is also waiving its loan guarantee fee (approximately 3.75% of the guaranteed amount). The SBA guaranteed loan must be approved by the SBA before 9/30/2021, or earlier if funds run out.

Property Information

Real Estate:

Lease

Premises Details:

The business is located in a 5,400 sq.ft. metal building on a 0.81 acre commercial lot.

Business Operation

Expansion Potential:

The ability to attract more commercial work as well as retail cabinetry, utilizing the CNC machine gives the Company room for substantial growth.

Competition / Market:

There is very little direct competition in the area.

Reasons for selling:

Owner to pursue other business interests.

Trading hours:

Monday-Friday 8am-5pm

Employees:
15 FT
Years established:
16

Other Information

Support & training:

Will train for 4 weeks @ $0 cost.

The Company performs all types of custom interior trim and cabinetry.

Financing available:

Lender pre-screeded with $175,000 down.

Furniture / Fixtures value:
$100,000 (USD) - included in the asking price
Inventory / Stock value:
$25,000 (USD) - included in the asking price

Contact Murphy Business & Financial

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