Listing Number: 5182-127762
Description
This custom cabinet and furniture maker, established in 1997, serves both commercial and residential clients, centrally located in East Tennessee. There are two warehouses where work is separated by commercial and residential. Seller owns and is offering both buildings for sale. Would consider leasing the real estate on at least one of the warehouses, perhaps both, with favorable lease terms with an option to purchase later. This business is eligible for long term SBA financing up to 25 years when real estate is included.
Current jobs include cabinetry and furniture work in a dental practice, pediatric clinic, health facility, jail, school, churches, and various residential opportunities. Other job estimates are ongoing. Current workload totals over $900,000. Current jobs range from $20,000 to $389,000. Seller says they manufacture high end cabinetry and wood-based furniture for many different industries including residential, commercial, hospitality, schools and colleges, and even sports facilities. They do no advertising; business is mostly referrals and repeat customers.
Potential buyers may require or have the ability to learn to design/CAD drawings using design software, also should have or obtain a general understanding of how to operate all equipment used in this business. Seller indicates the software is easy to learn and they will stay on to ensure a smooth transition. A standard business license is required and can be obtained from the county/city.
Current listing price includes furniture, fixtures, equipment, and real estate consisting of two locations: one commercial and one residential cabinet manufacturing warehouse.
To receive more information, please get in touch with Broker today to request a Non-Disclosure Agreement (NDA).
Listing Details
- Price: $1,500,000
- Down Payment: $1,500,000
- Sellers Discretionary Earnings: $232,193
- Total Sales: $1,741,188
- Location: Grainger County, Tennessee
- Inventory: $0
- FF&E: $264,600
- Employees: 14
- Year Established: 1997
- Reason for Selling: Semi-Retirement
- Category: Manufacturing,Construction
