Closet Install & Shower Door Mfg-Net $387K- 10% Down

Business
  • Listing# : 18493
  • Listed Price : $700,000
  • Total Sales : $2,028,193
  • SIC : 7011
  • Down Payment : $70,000
  • Status : Active
  • Discretionary Earnings : $387,958

Business Type :

Manufacturing / Mfg-Doors/Partitions, Manufacturing / Mfg-Fabrication

Business Description :

You only need 10% ($70,000) down to purchase this successful business! This business has already been lender approved. You will earn $280,000 (after paying loan) first year getting your 10% back in 3.1 months!! 

This business is a specialty contractor selling and installing closet shelving systems, shower doors, mirrors, bathroom accessories, primarily serving the residential construction and remodeling markets in the Delaware Valley.  Our bath company is a complete framed shower enclosure manufacturer, complementing the company.  They are a leader in their market segment with years of goodwill, and steady customers some of which are publicly traded national home builders, as well as leading regional companies.  They're unique in house systems and software allow for a highly efficient operation minimizing overhead, thereby maximizing profit.They specialize in fitting out and installing closet systems along with shower doors and other minor things.

This company also does their own manufacturing of the shower doors which also could be a product that can easily be sold nationally! Great local location – easy to serve best markets of PA, NJ, DE, and more.Employees- Most come to them from referrals in the local community – they have not advertised for employees in years. Low cost operation- Efficient, proven systems to weather the cyclical nature of construction. Long established customer and supplier relationships- No promotional advertising expense.

KEY POINTS:

  • fully staffed and operational with a crew of 10-12 
  • owner is overseeing operation - sales & site visits 
  • great location
  • smaller jobs
  • owner willing to stay on for a period of time for a smooth transition 
  • possibility to sell shower doors nationally 
  • owner owns both buildings and will either sell or buyer can move location
  • Property is being sold for $550,000 in addition to the business


Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $225,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $200,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $425,000
    • Incl : Yes

Lender Prequalified: Yes

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Manufacturing