Cabinet Manufacturing Business & Real Estate In Kentucky

Description

Kentucky-based cabinet manufacturing business for sale with real estate, equipment, inventory and contracted work in progress included.

The company manufactures all-wood kitchen and bathroom cabinetry for residential customers, multi-unit housing developments, housing authorities and military-related projects.

Financial overview

• Gross revenue: $2,642,331
• Net operating income: $640,352
• Furniture, fixtures and equipment: approximately $1,200,000
• Inventory: approximately $800,000 to $1,000,000

Real estate and facilities

The property includes approximately 9.136 surveyed acres with about 72,500 sq. ft. across three buildings.

• Building 1: approximately 36,000 sq. ft. of manufacturing, office and showroom space, constructed in 2004
• Building 2: approximately 6,500 sq. ft. of warehouse space, constructed in 2005
• Building 3: approximately 30,000 sq. ft. used for lumber and plywood storage, constructed in the early 1970s

Building 1 includes natural gas heat, full sprinkler coverage, a two-story mezzanine, LED lighting and both 230-volt and 460-volt electrical service.

Buildings 2 and 3 are not heated.

The manufacturing operation includes established machinery and finishing equipment for cabinet production.

The seller states that the current facility has capacity to support annual gross sales above $10 million. Buyers should independently verify production capacity, labor requirements and capital needs associated with that level of output.

Additional production could potentially include cabinet doors, cabinet components, moldings and stock products for other manufacturers.

Buyers should verify historical financials, inventory valuation, equipment condition, contracted work in progress, customer concentration, military or government contract requirements, real estate condition, environmental matters and production capacity during due diligence.