Mfgr/Installer Home Organization Products
The Company was one of the first companies to enter the burgeoning closet and home organization market and it has grown organically and through acquisition. The Company is located in California.
The Company has built on its reputation as an industry leader for product innovation while continuing to be hyper-focused on delivering exceptional design, expert craftsmanship, and 5-Star service and installation.
The Company controls the entire process from design through manufacturing to installation of its own custom-made organizational products. Therefore, the Company can be far nimbler than others, quickly adjust to trends, and customize to the desires and needs of its customers while staying mindful of its place in the market.
The Vice-President and soon to be President, who is not a shareholder, is aware of the pending sale and is keenly interested in staying with the Company and the new ownership group.
The Company is a professionally run organization with a highly capable suite of management professionals at each level of the Company’s organizational hierarchy. While leadership continues to seek out other highly qualified managers to fill new positions as the Company grows, the Company’s existing management team is motivated, highly focused, committed and ideally positioned to lead the Company forward with its growth initiatives.
The Company is scalable within its current target market and nationally. The Company’s management believes sales revenue can grow to $20 to 25M within five years by focusing on targeted nearby territorial expansions and increasing production capacity.
The Company’s technology, systems, processes, business know how, operating procedures and selling methods are transportable to other similar geographic territories, such as Sacramento, Los Angeles, Portland and Seattle. The cabinet making market is often fragmented and ideally suited for the Company to make “add-on” acquisitions where it can overlay its proven technology, systems and processes for territory expansions and growth.
The Company’s financial statements are in-house prepared on an accrual basis. Year-end financial statements are CPA Reviewed. The year-end Federal & State Income Tax Returns are CPA prepared. Revenues for 2021 were $11.46M, EBITDA $2.14M. Revenues and EBITDA for 2022 are tracking with 2021.