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Carpentry / Millwork Business For Sale
Location: United States -> New Jersey -> Somerset County
Industry: Business Services > Architecture and Interior Design




Business Summary

Well established, Cabinet/High End Store Fixture Business for sale located near Bridgewater, NJ - This Millwork Business has been at this excellent location on busy Highway for 15 years and Owner is getting ready to retire. Asking $1,000,000 WITH ATTRACTIVE TERMS. (BUILDING IS NOT INCLUDED IN SALE) - Owner will lease 12,000 SF building for $6,000 a month. Sale of Business includes everything such as, all CDC machines, vans, box truck Clients/Accounts. etc. (approx. $500.000 owed to Company in Accounts Receivable to go directly to Owner towards asking price) Buyer will need to pay the balance of $500,000 - Terms - $250,000 Down - $125,000 payable at the end of the 1st year & $125,000 payable at the end of the 2nd year. Owner will stay on as a paid employee for 2 years for a smooth transition - Non Disclosure Agreement must be signed.

Building is a Well Maintained woodworking facility which has been remodeled over the years with loading dock, bathroom facilities additional storage space. Excellent office parking in front & rear of Building for 10 to 15 cars plus vans & Box truck. Shop and office area. Shop has all CDC machines to complete any custom application. Office area is complete with all computers & new wide format printer for drawings. TERMS for the lease of Building will be $6,000 per month.
Owner will stay on for 2 years as a paid employee to support and train new owner in all aspects of daily operations for a smooth transition. Introducing new owner to all venders, clients, GC's etc.
Company is an architectural Millwork firm who does high end custom architectural millwork fit-outs. Owner’s reputation is second to none with all reputable Construction firms in the Tri-state area. Some of our projects include Empire State Building, Avery Fisher Hall, March Pharmaceuticals, Anheuser Busch, Ellis Island and Chase Bank. Business is located in a prime location on a busy Highway near shopping Centers & train station.
Call John at 732-752-2296


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $3,000,000
Cash Flow:   $250,000
Cash Flow Type:  EBITDA
Inventory:  $200,000
Seller Financing:  Yes

About The Business

Year Established:  1995
Number of Employees:  10 - 19
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Lease

About The Sale

Management Training and Support:  Owner will stay on for 2 years as paid employee
Reason For Selling:  Retiring




Print Listing Id: 700189077
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Also See: Franchise Opportunities > Franchise Resales > New Jersey Businesses For Sale > New Jersey Franchises For Sale > New Jersey Business Brokers



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