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Listed by:

The Firm

Commercial Countertops And Cabinetry In Pittsburgh For Sale

Pittsburgh, Pennsylvania, US
Asking Price:
$1,400,000 (USD) Furniture / Fixtures included
Sales Revenue:
$2,414,084 (USD)
Cash Flow:
$390,079 (USD)

Over $3MM in sales is projected for 2020 for this business! Known for creating beautiful spaces, these cabinetry and countertop craftsmen truly make warm and inviting environments tailored to the aesthetics of their customers. This team works with a diverse client base that includes nationwide restaurant chains and retailers as well as regional educational institutions and businesses seeking to outfit an office space. Services include custom cabinetry and countertops for retail displays, offices, service counters, decorative installations, bars, board rooms, locker rooms, and beautiful wood accent installations. They often utilize unique materials in innovative ways to create engaging surroundings and they can meet environmental standards as requested by the customer. With an expansive shop full of the latest equipment, all machinery is in place to continue or expand operations as desired. The spacious facility features a substantial shop for production, two floors of office space that include private offices, a server room, a conference room, kitchenettes, and break rooms. The current owner takes on pet projects, reviews large bids, and oversees the company’s finances.

The team is well-trained and demonstrate their expertise on every project. One controller, two project managers, two estimators, and one draftsman work in the office, while eleven individuals carry out production. The team could easily be increased to build capacity, if desired. Additional growth could be found by increasing the hospitality customer base or expanding the regional footprint.

Property Information

Real Estate:

Lease

Location:

Pittsburgh, PA area

Premises Details:

Very large facility with private offices, server room, conference room, two kitchenettes and break rooms, lockers, expansive shop for production

Business Operation

Expansion Potential:

Build business in the hospitality field, expand regional work, maximize utilization of assets, expand team to increase capacity

Reasons for selling:

Strategic retirement planning

Employees:
17
Years established:
1999

Other Information

Support & training:

Up to three years, if desired

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Purchase Price: $1,400,000
12.5% Buyer Down Payment: $175,000
12.5% Seller Financing: $175,000
75% Bank Loan: $1,050,000

A 12.5% down payment of $175,000 returns $185,347 in the first year after debt payments!

Furniture / Fixtures value:
$1,092,000 (USD) - included in the asking price
Related Documents:

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