Kitchen Cabinet Broker, Distributor, Retail Sales
San Mateo, CA
Do you want to work from home? “Half- time”? No inventory, no license, no employees? And earn over $225,000 a year with potential for a whole lot more? This is an excellent web-based, at-home, no inventory, no-employee, one-owner-operated business that can be managed from anywhere. With a select group of top- quality manufacturers, this kitchen cabinet distributor business sells elegant affordable custom all- wooden ready-to-assemble kitchen & vanity cabinetry delivered in days, serving the greater San Francisco bay metro area. One owner, no employees. 100 vacation days a year. SBA-approval pending. BBB A+ rating. Semi-absentee potential. Annual sales ~$440,000K+, annual net/SDE ~$224K. Performance based on owner-operator working on average 15-20 hours per week, with frequent vacations. The asking price is $599,900; all reasonable offers will be considered. SBA-loan pre-approval in process. Some seller-financing may be available for a qualified buyer. For the Covid-19 period, April 2020-March 2021, sales didn’t miss a beat: gross revenue was $442,335, net income (SDE) was $224,296. - Every-day, same-day great pricing on in-stock cabinets. - Custom cabinets are delivered in about 2-7 days - A limited selection of cabinets are shipped nationwide - Customers shop online, by telephone, by email, or by fax - Elaborate, extensive, state-of-the-art website with hundreds of graphic illustrations and detailed information to make online shopping simple and easy for the homeowner, the contractor, the designer, or the re-seller. - Prompt professional service - Over 16 years of great service and sterling reputation - BBB rating of A+, with zero claims ever - All-wood cabinets are delivered 'ready-to-assemble' ('rta') within 5-7 days: raised panel, painted, contemporary, traditional, arched- door - Cabinets are all wood construction – no MDF - Extension ball bearing slides on all drawers - Soft close on all drawers and doors standard on most lines - Dovetail drawers standard on all lines - Highest quality standards - Additional products include cabinet accessories, plumbing fixtures, range hoods, quartz & granite countertops, etc. - Sales are about $450,000 per year with net/SDE of about $225,000, by one owner- operator, with no employees, and 100 vacation days every year! (owner works about 15- 20 hours per week, at most.) - The business is operated out of a private, home-based, “by appointment only” showroom; but showroom visits are rare and mostly unnecessary. - With a full-time owner-operator and 'normal' vacations, and a storefront 'by appointment' showroom, sales and profit could easily double (or more) in a year. - Wholesale pricing and commission programs available to retailers, designers, and contractors. - The business does no manufacturing, no assembly, no installation … no license or technical expertise required. The transaction will be for the purchase of the entire business. The asking price is $599,900 (~2.7x SDE / 1.25x annual gross revenue), plus any then-current display inventory at cost. Seller will provide all necessary training and support for a seamless and easy transition. Some seller financing may be available for a qualified buyer with adequate collateral. The transaction would include the transfer of all tangible and intangible business assets, including but not limited to all FF&E, customer database, vendor relationships, website(s), domain name(s), phone numbers, trade name(s), intellectual property, etc.; but, not including A/R, A/P, cash-on-hand, and business entity, with any inventory acquired at a to- be- negotiated cost-basis price. Exclusive Broker: Tim Cunha, J.D. Cal. BRE# 01919755 650.600.3751. Note: All data on this business are provided by the Seller for information purposes only and no representations are made by the Broker as to accuracy. The Broker has made NO independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.