112yr-Old Custom Millwork Business - EBITDA $146K!

Monongalia County, WV
Millwork
Cash Flow:$146,000
EBITDA:$146,000
Gross Revenue:$1,850,000
Established Year:1925
BUSINESS DESCRIPTION

This Business Has Grown Year Over Year!

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ALL LOIs DUE BY NOVEMBER 22, 2024

Founded in 1912, the Company is a leading provider of custom millwork solutions and specialty building supplies. Leveraging its extensive industry expertise, the Company has established itself as a trusted partner for discerning clients seeking superior craftsmanship and personalized service. From exquisite custom cabinetry to premium windows and doors, the Company’s dedication to quality and innovation sets it apart in the custom millwork industry.

The Company is dedicated to providing tailored solutions for its clientele through high quality millwork and specialty building supplies. From custom-designed cabinetry to precision-crafted trim and molding, the Company's skilled employees leverage expertise and equipment to bring craft clients' visions. With the production flexibility and a commitment to precision, the Company ensures each project receives meticulous attention. Serving as a one-stop destination for specialty building supplies, the Company's extensive product catalog, sourced with premium materials, caters to the diverse needs of construction professionals and homeowners alike, making it the preferred choice for exceptional millwork solutions and specialty building supplies.

INVESTMENT APPEAL

Superior Name and Reputation: The Company has a 112-year reputation for the quality of its millwork and building supply products and services, expertise, dependability, and superior customer support. The Company’s reputation in the industry is the result of conducting business with a philosophy that is supported by professionals, principals, values, and ethics. As a result, the majority of the Company’s business is from repeat business and referrals.

Strategic Supplier Relationships: Leveraging strong relationships with multiple vendors built over many decades, the Company secures access to premium materials and components essential to its operations. By proactively sourcing from reputable suppliers and negotiating favorable terms, the Company maintains a competitive edge in delivering high-quality products to its clientele.

Rising Gross Profit Trend: Throughout the historical period, gross profit increased from 25.5% of sales in 2021 to 41.3% of sales by the end of 2023. The Company has been able to efficiently control its cost of sales after high growth, demonstrating its ability to maximize profitability potential.

Strong Management Team: As 4th and 5th generation ownership, the Company’s management team has unmatched experience in the millwork and building supply industries. The Company’s management team is focused on providing quality, timely, and cost-effective products, coupled with proactive and responsive customer service.

Scalable Operating Expenses: The Company has built an effective organization capable of sustaining projected growth. It maintains fixed operating expenditures, and future revenue growth will greatly improve profitability. Increases in revenue will not result in meaningful changes to projected operating expenses.


DETAILED INFORMATION
Location
Monongalia County, WV
Inventory
Not Included in asking price
Employees
8
Facilities
The Company operates from 20,000 sq ft of office and warehouse space in Harrison County, WV. The property is owned by an affiliate.
Support & Training
The owners are committed to a successful transition and will assist the buyer as needed.
Reason for Selling
Retirement
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Xavier
Staggs
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Xavier Staggs