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Location: Fairfield County, Connecticut
Primary Category: Retail - Home Furniture & Furnishings
Secondary Category: Mfg. - Furniture and Fixtures
Your Reference ID: 383
Financial Information
Asking: $350,000
Gross: 1,874,464
Cash Flow: Not Disclosed
Furniture, Fixtures & Equipment: 40,000
Inventory: 45,000 (included in price)
Summary Description
Custom Cabinets and interior Millwork. This 11 year old business was purchased by the present owners in 2003. They have successfully doubled the revenue . The franchise area for this name brand business is New Haven, Middlesex and Fairfield counties in Connecticut and Westchester, Bronx and Putnam in NY. There are 12 designers, mostly part time, who have been trained in the process and are paid commission to sell their clients these high end, custom cabinets and closets. Transfer fee for the franchise is $9,000 verses $65,000 for a new territory. Similar to the "California Closets" model.
General Information
Facilities: Present lease is $4,000 per month triple net. Landlord will structure a new long term lease for new owners. All equipment, saws, tools and misc is included. Equipment replacement value exceeds $100,000.
Competition: There is competition in this marketplace but this business is differentiated by the quality of the workmanship and the support of the employees through the design stage.
Growth and Expansion: Market and Market some more. Drive the sales team.
Support/Training: As negotiated
Reason Selling: Personal
Year Established: 1997
Employees: 20
Contact Information
Contact: Steve Lovas
Phone: 914 552 0888
Email: slovas@chandalar.com