B2B Manufacturing Of Custom Doors

Business Overview:

This company has successfully specialized in the manufacturing of doors for over 40 years. The majority of their production, approximately 95%, is focused on fabrication of doors, catering to the commercial sector. They have recently expanded their offerings to include 'low-end' mass produced door products as well. In addition to doors, this company also manufactures lockers specifically designed for PGA clubs and courses. They produce custom-made products, but do not engage in the design process. Instead, the B2B clients submit the design, which is then brought to life through their manufacturing capabilities. This company does not have to install the doors, nor do they work with the end user. The established team in place consists of a Front Office Manager, a Bookkeeper, a Production Manager, and 8 Fabrication Technicians. They primarily operate as a business-tobusiness (B2B) company, with approximately 98% of their sales being made to other businesses. In terms of materials used, they specialize in working with wood and plywood. They do not engage in metalwork or plastics. Additionally, they do not provide any hardware or finishing services. Their manufacturing process solely involves working with raw materials and does not require the use of chemicals or spray finishes.

Priced at $1,050,000, this business has established itself as a reputable player in the door manufacturing industry. The current owner is selling this business in order to plan for retirement and has offered to carry 10% of the purchase price in order to show vested interest in the continued success of the business. Additionally, the seller has agreed to a 6 month transition period in order to provide a smooth transition. A 10% down payment of $105,000 returns $171,693 in the first year after debt payments!

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Property Features and Assets:

Office Equipment: $17,995 Heavy Equipment: $550,323 Vehicles and Trailers: $26,982 Building improvements: $21,758 • Working Capital: $93,873 o A/R: $124,930 o A/P: $31,057

Market Competition and Expansion:

Growth Opportunities: Implementing a marketing/advertising strategy.

Reason for Selling:

Aging Owner.

Additional Details:

Documents:

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