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BUSINESS FOR SALE - PROFILE #  42520091

Custom Closet & Organizational Systems Manufacturi
Hickory

Asking Price: $175,000   Down Payment: $175,000  
Gross Revenue: $251,956   Adj. Cash Flow*: $95,240  
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Executive Summary
The owners started the company in 2006 with the dream of providing homeowners and builders with affordable organization systems for closets, garages, kitchens and pantries.

The owners run this business as a part-time lifestyle, venture, supplementing their incomes that are full time in other careers. The installation work is primarily done on weekends. Operating out of a manageable 24 x 24 production facility / workshop at their residence, the owners work part time in the business, outsourcing the manufacturing of the systems to leading melamine fabrication facilities.

Designs are done through third-party CAD type programs that provide the manufacturer with detailed measurements. The materials are then cut off site and shipped to the business, where they are stored until ready for client installation. Numerous material choices and laminates are available to consumers as well as unlimited space and organization configurations to suit their needs.

The business was originally based in the Lake Norman area before consolidating back to their home office and storage facility. The business has a vast array of repeat customers including many custom home builders.

The company did not apply for a PPP loan in 2020. The housing industry has seen little impact from Covid-19 and in fact, the business reports that sales traffic has remained steady throughout the healthcare crisis, as many homeowners who were forced to work remotely, saw their homes as a safe place to invest during the downturn. Overall, the company had minimal disruptions to their business.

Acquisition Highlights

  • Financing Information:  Seller is open to partial seller financing for qualified buy
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 2006 Inventory: $1,000 Included
Employees: 1 PT Furniture, Fixtures & Equipment: Included
Real Estate:
    Total Assets Included in Sale: $1,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Adam Petricoff
Phone:  (704) 360-8898
Fax:  (704) 272-4477
Other:  (704) 905-8658
E-mail:  apetricoff@vrcharlotte.com
VR Business Brokers - Charlotte, NC
9301 Monroe Road
Suite L
Charlotte, NC 28270
www.vrcharlotte.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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