Closet Manufacturer & Installer Company

www.GlobalBX.com

Listing ID: 700276736

Listing Title: Closet Manufacturer & Installer Company

Quick Link: http://www.globalbx.com/listing.asp?bId=276736

Industry: Manufacturing

Industry Segment: Furniture Manufacturing

Country: United States

State / Province: Hawaii

Area

City:

Asking Price Range: $250K - $500K

Gross Revenues: $1,582,259

Cash Flow: $396,355

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2004

Number of Employees: 10 - 19

Business Description:
One of Hawaii's best manufacturers, designers and installers of premier closet and storage systems, doors, Murphy beds, retail space, office space, etc. is for sale due to the retirement of the owner. They are a fully integrated supplier of these systems beginning with design, then manufacture and finally installation. Their customers include home owners and the commercial and home construction market. - Over 27 years in the Maui market building a great brand name based on high quality and customer service. - #1 market share in Maui - Revenue showing big growth o 2018 revenue of $1,582,259, up 36.4% over 2017, and 2017 was up 14.7% over 2016 - Contracted Backlog continues to build: o As of January 16, 2019, contracted backlog of future work is over $826,500, which bodes well for 2019 sales. o Lead time 6 to 8 weeks - Excellent Profits: o 2018 SDE of $396,355 o High Gross Profit Margins, 2018: over 62% - This is NOT a franchise, so no franchise fees or royalties are paid. - Experienced and productive sales and operating team not dependent on owners - Good historical revenue growth and excellent future growth prospects, both on Maui and the rest of Hawaii - Productive and well-ordered manufacturing operation - Easy and fun to operate – only 9 employees, excluding owners - Allows owners to use their creativity to make customers happy - Offered full turnkey with all equipment, vehicles and intangible assets - Buyer will get the contracted backlog and all projects in the bidding process as of Closing. - Earn enough cash flow so Owners can really enjoy all that Maui has to offer. - Potential Tax Opportunities for Buyer. o ''Federal Opportunity Zone''. The Business believes that it is located in a federal ''Opportunity Zone'' (Opportunity Zones were added to the tax code by the Tax Cuts and Jobs Act on December 22, 2017) and this may provide significant tax benefits to a buyer of the business.



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