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Own a Very Successful Franchise from America’s # 1 Cabinet Refinisher!

Contra Costa County, CA

Seller Financing Available

Completed Job
Asking Price:$595,000
Gross Revenue:$750,000
Rent:$3,000
Established Year:2005
Cash Flow:$243,000
Inventory:$12,000
FF&E:$14,900
Listing ID: 2213163Listing provided by BizBuySell
BUSINESS DESCRIPTION

Highly Profitable and Well Established

Purchase this extremely profitable and consistent refinishing service company located in the East Bay Area. The business is known for:

Consistent growth of revenue and profits.
Highly established (19 years under current ownership).
Well-known and respected in the communities they serve.
Award winning franchisee year after year.
Loyal, knowledgeable, highly experienced and professionally trained staff.
A broad offering of products and services.
A reputation for superior customer service.
A facility with 1860 square feet of shop and office space.
Opportunity for growth with continuing expansion of cabinet related services.
America’s #1 Cabinet Refinisher with outstanding franchisor training programs.
Very loyal customer base with high social media ratings.
Sellers are looking to retire.
Pre-approved for an SBA loan.

DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,800
Lease Expiration
30/11/2024
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
There is a 1800sf industrial building which has offices, a shop, and two paint booths. Currently leased at $3,000 per month through November 2024. The sale would be conditioned upon an acceptable new lease between the Buyer and the landlord. The Furniture, Fixtures, and Equipment include office furnishings (desks, chairs, computers, phone) and shop equipment (work benches, paint booths, and storage racks). The FMV of these assets is approximately $14,900. These are included in the sales price.
Competition
There are no obvious “primary” competitors. The renewal piece of the business is literally without competition, while their “painting” service is superior to what most painting companies can offer. Their re-dooring service is more of a hybrid refacing when compared to traditional re-facers, usually resulting in a lower cost alternative for the client
Growth & Expansion
Continue to grow the top-line, a Buyer should consider adding a spray booth, color tinting machine, and convert the meeting room to a prep or spray area. Hiring additional staff skilled in cabinet installation and remodeling will allow the company to dive into the next phase which is continuing to build the re-dooring process and light remodel space as well as deeper into cabinet organization. There is opportunity to pair with outside contractors in the makeover space with counter tops, tile and backsplashes, flooring, and electrical (cabinet lighting).
Financing
Seller will consider a Seller Carry Note for a qualified buyer. Pre-approved SBA!
Support & Training
The seller is offering a total of 80 hours of training to the buyer without charge. In addition, the franchisor provides formal and on-site training which includes a 9-day hands-on training program, award winning virtual online training, coaching, and on-going support. A C33 Painting and Decorating Contractors License is required to operate this business.
Reason for Selling
Retirement
Franchise
This business is an established franchise
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Ron
Schwab
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Ron Schwab
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