Refine/Revise Search
Asking Price: $5,450,000

Fabrication & Manufacturing of Millwork

Salt Lake City, UT
Salt lake County

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 sq, ft. fabricating facility in Salt Lake City, which they recently moved 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 a Project 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 $2 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. Priced at $5,450,000, this business comes with a proven history, a tenured staff, and reliable client base, allowing for a buyer to step in and continue operating and growing successfully from day one. Growth opportunities include continuing to follow GCs to high net-worth areas like Hawaii. This business has no affiliations or special designation such as MBE, WBE, Veteran owned or Union.

Cash Flow $1,232,175
Revenue $7,183,398
$ Owner Financing Available

Asking Price: Not Disclosed

Laminated Outdoor Wood Structures Design / Build

Raleigh, NC
Wake County

2003 FINANCIAL INFORMATION IS ADJUSTED FOR MANUFACTURER RETOOLING AND EXPANSION. Contact broker for details. This business has over 50 years of experience in the design and outsourced construction of prefabricated and custom laminated outdoor wood structures, including bridges/pathways, structural beams, shelters and pavilions. Clients include homeowners, municipalities, churches, horse farms, entertainment venues, golf courses, airports and architects who integrate the company’s custom products into their designs. The company has received multiple awards for its highly regarded custom designs and quality precision manufacturing. The company also offers a limited number of customizable ‘off the shelf’ products. Since entering a big box retailer, the pipeline of quotes has grown significantly, filling the sales pipeline with projects from this retail partner as well as direct quotes with the largest backlog in the company’s history of approximately $12,000,000 of viable projects, which is ~5x average of prior periods. One quote to a local municipality is ~$3,000,000, which by itself would double the company's EBITDA from 2023 to 2024. Another local potential contract is outstanding for $5,000,000 . It is worth noting that the company’s fixed costs are covered at approximately $2,000,000 of annual gross sales, making incremental projects' net margin significantly higher. 

Cash Flow $730,317
Revenue $2,726,836
$ Owner Financing Available

loading...
TOP ▲
Add Businesses and/or Franchises
To Basket For Free Information

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Review our cookies information for more details.