VEN044

Manufacturer of high-end, custom cabinets

Southeast US
 

Well-established manufacturer of high-end, custom cabinets for luxury home builders, remodelers, and individual homeowners.

Key Aspects:

  • Minimal customer concentration, with no one customer accounting for more than 7.5% of total sales in the last three years
  • The company brand has operated in Kentucky for over 35 years
  • Long-term customer relationships in place with major custom home builders; many for 15 years or more
  • Seasoned management team in place with an average tenure of 14 years with the company
  • Operates three showrooms in two states, driving sales and market exposure
  • 70% of sales are from repeat business due to its high-quality products and reliability

    Opportunities:

    • Excellent opportunity for growth in the Louisville and Nashville markets
    • Incorporate complementary product and service offerings into an existing customer base
    • Expansion outside of Kentucky and Tennessee
    • Increase production levels and efficiencies by incorporating CNC woodworking machines into the manufacturing facility
    • Focus on developing the counter top line of business to increase revenue and grow the customer base
       
       
       
      Year:

      2013

      Mgmt

      '000

      2014

      Mgmt

      '000

      2015

      Mgmt

      '000

      2016

      Mgmt

      '000

      Turnover3,9525,2113,8964,820
      Gross Profit:1,4662,1421,4831,893
      Adj. EBITDA *5619674401,101
      * Earnings before interest, tax and depreciation (non-cash item)
       
      Bids Invited