Confidential The Lakes, MN 56172

Property Details for 0 Confidential

Property type

Commercial real estate

Description

This exceptional opportunity presents the acquisition of a well-established custom cabinet manufacturing business and its accompanying building, located in Slayton, Minnesota. Boasting 50 years of success, this family-owned enterprise specializes in designing, fabricating, and installing bespoke cabinetry for residential and commercial clients. The business enjoys a strong reputation for quality craftsmanship, utilizing premium hardwoods and meticulous attention to detail to create elegant and durable pieces. With a substantial gross revenue of $1,067,954 and a Seller's Discretionary Earnings (SDE) of $347,438, this presents a compelling investment prospect. The sale includes a 13,350 sq ft building encompassing a shop, office, and lunchroom, along with a 2,560 sq ft non-insulated warehouse. The business currently employs six individuals and offers eight weeks of support and training to ensure a smooth transition. The seller is offering $92,200 in seller financing and a non-compete agreement within a 250-mile radius for five years. The asking price for the business and real estate is $1,399,000. Nestled in a picturesque rural setting, this business offers a blend of established profitability and a desirable location. The seller's reason for selling is retirement. This turnkey operation is ready for a new owner to continue its legacy of excellence.