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Custom Cabinet Refacing and Refinishing Business

Custom Cabinet Refacing and Refinishing Business
Listing
1691
SOLD!
Business serves affluent residential neighborhoods through the greater Boston area
Acquired By
Individual Buyer
Revenue
$1,100,000
Cash Flow
$250,000
Asking Price
$499,000
Sold Price
$425,000
Business Description

What an exciting opportunity to tap into this resurgence in kitchen renovation! Located in a popular Boston suburb, the business has become the go-to expert in kitchen cabinet refacing and refinishing for discerning homeowners. As a result, the company has enjoyed strong sales and widespread appeal among homeowners seeking to give their kitchens a new look at an affordable price. Refacing and refinishing cabinetry is shaping up to be a lucrative sector of kitchen renovation. Even in 2020, when the US economy shrank by 3.5 percent, spending on home improvement and repairs grew more than 3 percent to nearly $420 billion, according to a new report from Harvard’s Joint Center for Housing Studies. Kitchen upgrades were especially popular, making up 29% of total expenditures.

Growth Expansion and Opportunities

Marketing and advertising will certainly contribute to future growth of this business. Additionally, hiring more production team members and sales personnel, to service the consistent flow of new leads and booked projects. Currently, the business is fully booked for new project installs up to 90-120 days.

Support & Training

The seller will provide training and support to ensure a smooth transition

Employees
6 FT
Terms
It is expected that a qualified buyer can obtain an SBA 7A loan with 10% down payment for the business.
Broker

Brian McInerney

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