This business was established in 1992 and was acquired and operated by the current owner since 1999. The owner is ready to retire.
The business specializes in custom cabinet manufacturing and installation. Homeowners, renovators and custom home builders are the main clients of this business.
Most of the revenue up to this point has been generated through repeat customers (custom home builders and renovators), word of mouth and website traffic. No more than 15% of revenue comes from a single customer.
The equipment of the business consists of a complete set of cabinet manufacturing equipment and tools, two commercial vans, a forklift, office and showroom equipment and fixtures. The existing equipment can easily accommodate an increase in business volume.
The business operates out of a commercial bay in one of Calgary’s industrial parks. The leased premises have a small showroom, an office and a workshop. The owner relies on four full-time employees in day-to-day operations and uses the services of one subcontractor on an “as needed” basis.
The seller has agreed to assist the incoming buyer with two months of training without additional compensation, to accommodate for a smooth transition, and will also be available to stay longer on agreed terms if the new owner desires.
The owner is offering up to $100,000 of owner financing to a qualified buyer!
Asking Price $198,959
Converted From CAD
Exchange Rate $0.80
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