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I think the key with cabinet making is making sure your competing on "premium" products and not "value" based products. I know on the east coast cabinetmakers are never out of work, but you've got to be good, and not trying to compete with the prebuilt cabinets. If your manufacturing custom cabinets, and marketing and pricing accordingly there is money to be made. Prebuilt manufacturers have production efficiencies and economies of scale that you'll never be able to compete with in a small shop when customers main concern is price and I dare say that most customers buying prebuilts vs custom cabinets are.
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