Fabrication & Manufacturing Of Millwork

Business Overview:

Over the last 3 decades, this fabrication & millwork operation has served a repeat base of commercial clients; ranging across schools/universities, hospitals, churches, detention centers and office buildings. Operating out of a 14,000 square feet fabricating facility in Salt Lake City, which they recentlymoved to keep up with the year-over-year growth, in fact, they are experiencing a higher-than-normal backlog of over $6M! Known for high quality, specialized manufacturing of cabinetry and related goods, there is a tenured team of 27, including 5 in Leadership, 7 in Administration, 9 in the Shop, and 6 in the Field. They have an expert leadership team running the day-to-day operations, made up of a General Manager, Shop Foreman, Production Manager, and aProject Manager. The owner is removed from the daily roles, he is more of the “Big Vision” and general oversight of his key people which includes the President, whom he has mentored to operate the company. After 30 years, he is retiring, but is committed to a 2–3-year transition to ensure ongoing success of the business. He is also willing to finance 10-15% of the purchase price. There is over $3 million in assets with the purchase, which includes $1,300,000 in Working Capital, plus $170,000 in new buildout, and nearly $600,000 in equipment, vehicles and tools needed to operate the business. They have a focused service area in the Southwest US. There are no affiliations or special certifications associated with this business, meaning they are not MBE, WBE, veteran owned, union, etc.

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Property Features and Assets:

Equipment: $367,922: CNC routers, horizontal boring machine, gliding saw, table & chip saw, timesaver sander, software, state of the art spray booth for finish work, all of the equipment/tools needed

Vehicles: $166,331: 2 Box Trucks, 1 pick-up, 2 trailers and 2 vans

Leasehold Improvements: $170,000

Working Capital: $1,300,000

Market Competition and Expansion:

Growth Opportunities: Continue following GCs to high-net-worth areas like Hawaii

Reason for Selling:

Additional Details:

Documents:

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