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Large Established Franchised Custom Closets Business Top Performing For Sale

Apex, North Carolina, US
Asking Price:
$1,000,000 (USD)
Sales Revenue:
$23,344,857 (USD)
Cash Flow:
$296,644 (USD)

This popular franchised business has put COVID-19 policies and procedures in place to protect employees and clients. Customers can also choose between in-home, virtual and in-showroom appointments.

This business offers clients a wide range of customized products and installation services (design/build) including custom closets, pantries, entertainment centers/media rooms, laundry and mudrooms, but also has solutions for home office, garages, wall-bed systems, as well as crafts/kids areas.

The business was founded in 2006 and has experienced steady growth since inception. It is owned and operated by a husband and wife team. Initial franchise fee is $50,000. Renewal fee is $10,000. Transfer fee $10,000 (paid by Seller).

Property Information

Real Estate:

Real Property Included

Location:

The business operates from a 12,000 square foot building owned by the business sellers. The building may be leased or purchased. The anticipated fair market value is $1,500,000 but will be sold at third party bank appraised value.

Business Operation

Reasons for selling:

Retirement

Trading hours:

Showroom: M-F 9-5; Factory: M-F 7:30-4

Employees:
29
Years established:
14

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

Sellers will provide 80 hours of transition support at no additional cost.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller will provide up to 10% seller financing only if required by the SBA (which has not been a requirement since 12/2018).

Related Documents:

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