Contact: Tim Carter
Email: [email protected]
Your Reference ID: TC1102317
The owners of this attractive Southeast Michigan design and build business which specializes in custom countertops and cabinet re-facing for kitchens and baths (both residential and commercial) has had a great run. Now, with the 15 year old business firmly established, they are ready to transition their successful and growing company to only its second owner.
The business (both shop and showroom) is housed in a very attractive and conveniently located 7500 sf building. The real estate, owned by the seller, can be leased as part of the business purchase or sold in a separate transaction. In addition to the two full time owners the company employs 18 skilled and dedicated employees functioning as fabricators, installers, sales, and support personnel. An experienced operations manager runs the shop and oversees all installations. The sales force consists of three outside people who work exclusively on a commission basis.
In 2016, the business recorded $470,000 of SDE (the historical, normalized cash flow available to pay an owner-operator and service debt) on revenues of $2.7 million. In 2017, the business is tracking on sales and SDE equal to or beyond 2016 results.
The company is priced at $1,595,000, an attractive 3.4x SDE. The listing price includes the raw material inventory of approximately $50,000. The sellers will retain the cash and A/R while retiring all liabilities. The seller will carry a six figure seller note for a qualified buyer and will provide ample training and support post close.
To learn more about this exceptional, high cash flowing business opportunity, please contact Tim Carter at: Tim@praxisbb.com.
Location(s): Southeast Michigan
Asking Price: $1,595,000
Cash Flow: $470,000