The Company is a leading provider of value priced cabinets and windows in their local region, located in the Mid Atlantic United States. The Company has been in operation and family owned for 56 years. The company’s revenues consist of window and cabinet sales, with cabinet sales representing 73% of total revenue for FYE 2019. The Company serves both professional contractors and consumers.
The Company’s value proposition is a low-cost product selection and a cash and carry business model, allowing customers to complete projects without the lead time required of traditional cabinet suppliers. This allows for balance sheet efficiency with little to no accounts receivable and strong inventory turns. The business still offers custom cabinets for their customers, but the most common customers visit the store, buys cabinets already in inventory, and leave with their cabinets in the same day.