Buying new equipment is one of the scariest — and most exciting — decisions for a cabinet or millwork shop. In this episode of the Cabinet Maker Profit System show, I sat down with Kolin Veldman from K&S Woodworks to talk about how to know if a big purchase will actually pay off.

From Dairy Barn to $5M Shop

Kolin’s story started in his dad’s dairy barn, where he built cabinets with no bathroom on site. Fast forward to today, and his company runs a $5M operation with a modern shop, high-end clients, and top-tier equipment. The secret? Careful growth and smart purchases.

The Reality of Big Purchases

• Kolin’s first CNC was $100K — and it felt terrifying.
  
  
• He realized that if the business couldn’t afford it before the machine, then it wasn’t the right time.
  
  
• He learned that every purchase comes with hidden costs: compressors, training, software, or even floor space.
  

Why ROI Isn’t Just About Machines

Kolin now invests heavily in training his engineers, project managers, and shop team. In his view, professional development often pays back faster than new equipment.

The Power of Associations

Through CMA events, Kolin learned from other shop owners and discovered tools and machines he had never seen before. Those connections often saved him years of trial and error.

Key Lesson for Shop Owners

Don’t buy based on hype. Buy when your business can afford it today, and when you know it will bring a measurable return tomorrow.

Smart growth takes patience and planning. Whether it’s a CNC, a sander, or staff training, think ROI before you sign the check.

More about Kolin Veldman: K&S Woodworks

‍Connect with Us:

• LinkedIn: Cabinet Maker Profit System
• Instagram: @cabinetmakerprofitsystem
• Facebook: Cabinet Maker Profit System
• YouTube: @Cabinetmakerprofitsystemcom