Business Description
For sale is a 20-year-old metal cabinet manufacturing company based in Southern California that sells and installs durable metal cabinets, countertops, and cup holders for gas stations, the food industry, and convenience stores. The company currently serves a 20,000-store market in Southern California, Northern California, and West of the Rockies.
They have multiple contracts with big-name chain gas stations and only two competitors in the USA building this type of cabinet, resulting in a consistent influx of job opportunities.
They experienced a dip in SDE in 2020 due to client store renovations slowing during covid, as companies focused on survival activities and have returned to regular demand now post-pandemic. However, the company was positioned well, and once normalcy returned, sales returned and accelerated.
They have a staff of 10, which includes an office manager, a shop manager, an assembly foreman, and professional cabinet and countertop installers. The Industry is in an upward trend of remodeling and expansion with a huge upside for growth. The retiring Owner will provide as much post-sale training as needed for a smooth transition and will remain local to the business post-sale.
| 2019 | 2020 | 2021 | 2022 | |
| Revenue | $1,996,343 | $1,400,619 | $1,787,199 | $2,260,579 |
| SDE | $249,266 | $63,421 | $402,572 | $636,975 |