***IN ESCROW*** World Class Kitchen Design Studio in LA

Los Angeles, CA (Los Angeles County)

Profitable Kitchen Studio in LA
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Asking Price: $1,500,000

Cash Flow: $700,000

Gross Revenue: $2,000,000

EBITDA: N/A

FF&E: $0

Inventory: $400,000

Established: 1989

***IN ESCROW*** World Class Kitchen Design Studio in LA

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Business Description

***IN ESCROW*** This highly profitable kitchen design studio is located in a prime area of Los Angeles. The business has an exclusive Los Angeles County dealership agreement with a highly respected, high-end custom kitchen manufacturer which will be transfer to a qualified buyer. The manufacture is well known as a premier designer and manufacturer of high-quality kitchens throughout the world and has been highlighted in Architectural Digest. The showroom for this business offers an extensive selection of high-end kitchen cabinetry and provides design and installation services. In addition to kitchen design, this business offers closet systems, bathroom vanities, entertainment centers and appliance solutions.

Majority of customers are high net worth individuals referred by their contractor/designer/architect or past clients. Average cost of a project is $130,000+/- and this company has done projects north of $500K on individual homes. The gross revenue and profitability in 2020 was exceptional and higher than previous years even with Covid and a reduced production schedule. The pipeline in 2021 is strong with several projects underway and scheduled for throughout the year. The business will benefit from the continuing trend of people remodeling their existing homes. As per several reports, large remodel projects like kitchens will continue to be strong going forward as more and more people use equity in their home or savings for large upgrade projects.

Seller is retiring after many years in the business. Seller runs this business by himself on a “relaxed” Monday – Friday schedule with one designer and a couple seasoned third party installers. The purchase price consists of a large list of FF&E and includes several high-end displays worth hundreds of thousands of dollars. Seller is willing to consider seller finance for a qualified buyer with good credit and a significant down payment. This business has also been prequalified for a SBA loan for a buyer with good credit and direct industry experience.

Prospective buyer should have experience in dealing with high-end products/furnishings and with high-net-worth clientele. Call Broker for further details on this unique opportunity to own a highly respected kitchen design studio in Los Angeles that is priced exceptionally well.

Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or the Contact Seller button or email info@certifiedbizbroker.com to receive a confidentiality agreement and learn more about this opportunity.

Detailed Information

Location:
Los Angeles, CA
Inventory:
Included in asking price
Facilities:
Located in the design area of Los Angeles
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Matt Coletta, CBB, CBI, M&AMI

Business Listed By:
Matt Coletta, CBI, CBB

M&A Business Advisors

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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Ad#:1846923

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