Custom Cabinets & Countertops in Paradise

Virgin Islands

Seller Financing Available

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Asking Price:$990,000
Inventory:$261,115
FF&E:$335,719
Gross Revenue:$2,529,000
Rent:$60,000/Year
Established Year:1961
BUSINESS DESCRIPTION

Our custom kitchen cabinet manufacture is a leader in the Caribbean. Established in 1961.

The company has the potential to be a $3 million per year or more business, leveraging its long-standing presence and trusted name in the Caribbean since 1961. The company holds a unique monopoly on the manufacturing branch of cabinets, particularly specializing in PVC, which sets it apart from competitors. Situated in a prime location, the business has access to a fully equipped manufacturing warehouse, providing a significant advantage in production capabilities.

The potential for growth is substantial. the company is well-positioned to expand into other industry markets, increase its workforce, and begin exporting goods throughout the Caribbean. Additionally, the company can capitalize on the many major upcoming projects on its own island, such as the public school rebuilds, which are the first schools to be constructed in decades. By aligning with these large-scale projects, the company can further cement its reputation and ensure a steady stream of high-value contracts. With strategic planning and continued dedication to quality and innovation, the company is poised to reach and surpass its $3 million annual revenue goal, driving growth and success in the years to come.


DETAILED INFORMATION
Location
Virgin Islands
Inventory
Included in asking price
Real Estate
Leased
Building SF
13,500
Lease Expiration
31/12/2035
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Real estate is owned by the sellers of the business.. The sale of the real estate is a possibility. but is NOT INCLUDED IN THE $1,500,000 ASKING PRICE. Among the assets are the inventory and equipment/tools for the manufacturing of custom cabinets,
Competition
In 2021 the owner/general manager was diagnosis with cancer and died in 2022. The owner's wife and son took over the management of the company. Now in 2024 sales are running about $1,000,000 annually and estimated at breakeven. The demand is strong, and the future is bright. Sales listed above were from the last year the owner was healthy - 2020. Sales over $2,500,000.
Financing
Yes - the sellers will consider some seller's financing
Support & Training
Both the surviving wife and son will stay for orientation, training and transition.
Reason for Selling
Owner died in June 2022 and the wife and son do not want to manage the business.
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Tom
Dickson
USVIBB
Tom Dickson