BizEx102-JD: Profitable Cabinet & Wood Shop

Background:

General Location:West Los Angeles
Category:Construction > Special Trades
Manufacturing > Furniture & Fixtures
Years in Business:31
Under Present Owner:31
Hours of Operation:M - F 8 hours
Owner Hours:40
Training:24 weeks, 40 hours/week
Organization Type:Sole Proprietor
Lease Expiration:N/A
Lease Options:None...
Building Size:5,000 sqft
Employees:4 FT; 0 PT

Reason for Sale:
Retiring

Financials

Asking Price:$300,000
Down Payment:Negotiable
Gross Sales:$360,000
Discretionary Cash Flow:$90,000
FF&E:$ 106,000
Inventory Included?Yes
Inventory:$ 3,500
Minimum Operating Capital:$ 0
Real Estate Available?Yes
Real Estate Asking Price:Available
Rent:$ Negotiable/month
Payroll:$ 7,800/month
Financing:Call

None...None...None...
Gross SalesNone...None...None...
Gross ProfitNone...None...None...
Disc. EarningsNone...None...None...

* YTD as of None..., ** = Prorated.

Broker Info


John DeGolyer
Business Broker
(310) 882-2200 ext 109
LIC# 01859016

Summary

For Sale: Cabinet and custom woodworking shop. This Profitable business has a 31 year old reputation for quality cabinets and custom woodwork. Serving contractors and architects on the West side of Los Angeles, the business continues to be busy during this downturn. The employees are craftsmen who are dedicated to the business. The owner is willing to offer extensive training and guidance. The owner has been working to open into the sustainable market to expand the business. The new owner should be able to communicate with architects, contractors and craftsmen and have an understanding of design, construction and interior custom woodwork. For more information on this business come to www.bizex.net and register or contact John DeGolyer at jdegolyer@bizex.net


More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.