BUSINESS SOLD
Project Kitchen (2023)
About the transaction
For all buyers who wish to acquire a company with a very good reputation, stable revenues and good growth potential… we have the company for you.
The company’s shareholders wish to sell 100% of their shares in their manufacturing business for kitchen cabinets, bathroom vanities and custom-made furniture. There is also the possibility of purchasing the 11,000+ ft2 industrial building, located on over 32,000 ft2 of land. However, the building must be sold together with the shareholders’ principal residence.
About the transaction
Selling price
1 985 000$
Revenue
1 981 888$
BAIIA / EBITDA
416 941$
Characteristics
This is a kitchen and bathroom cabinet manufacturer offering design, manufacturing, delivery and installation services. The company works with Melamine, Polyester, Thermoplastic, Acrylic and Wood. As for countertops, it works with a multitude of colors in laminate, corian, quartz, granite, dekton, as well as wood. Among other things, the company is renowned for its outstanding service and the quality of its products.
The shareholders own their own 11,000 sq. ft. manufacturing plant, which includes several offices and a showroom. The company focuses primarily on single-family residential customers, but is turning down several large multi-unit projects. So there’s potential for growth in this sector.
Moreover, everything is in place for a motivated buyer to significantly increase sales with the current assets and team. The company will be sold with non-cash working capital of $50,000 and equity of approximately $254,435. The fair value of the tangible assets included with the sale of the shares is estimated at $323,000.
Region
24 buyers
HR
9 employees
Commercial Building
Yes (685 000$ for the building)
Financial history
2019
Revenue
1 797 323$
Gross Margin
23%
EBITDA
260 510$
2020
Revenue
2 033 500$
Gross Margin
24%
EBITDA
402 439$
2021
Revenue
1 911 405$
Gross Margin
25%
EBITDA
329 724$
2022
Revenue
1 981 888$
Gross Margin
28%
EBITDA
416 941$
Notes
According to "Notice to Reader" financial statements as at February 28 of each year.
Business opportunities
Manufacturer with strong growth potential
- 100% of the company’s current growth is organic, with no advertising efforts.
- The company is currently refusing sales.
- Opportunity to further optimize plant and increase working hours to meet demand
- Growth opportunity in the new-build, multiplex and commercial segments
Stable financial profile with high growth potential
- Sales stable for several years
- Sales underpinned by repeat business and solid reputation
- Stable EBITDA margins and net income
Diverse, high-quality customer base
- Solid, long-standing relationships with major contractors and residential customers
- The company’s strength lies in the qualitý of the services rendered (assiduous follow-up and quality after-sales service)
- Family business established for over 40 years
Experienced team and recent equipment
- Stable team of employees and low turnover rate
- Commercial building of over 11,000 ft2 with a large showroom
- A CNC and a platesetter have been acquired in 2019 to increase production and combat labour shortages
Vendor support
The Sellers will be available following the transaction to introduce the new owner to customers, employees and suppliers, as well as to provide the necessary transition support and training. They will also be available to remain as paid employees for a season.
Interested in this company?
Fill in this short form and we will contact you. In addition, we have several companies for sale that are not yet displayed.
