Manufacturer of Specialty Architectural Woodwork Products

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Asking Price:$5,300,000
Gross Revenue:$8,500,000
Rent:$12,820/Month
Established Year:1987
Cash Flow:$1,500,000
Inventory:$200,000
FF&E:$850,000
BUSINESS DESCRIPTION

The company was established in 1987 by the current owner as an architectural woodwork contractor and has evolved into one of the premier suppliers of mid to high end commercial projects. Serving visionary clients in the restaurant, lodging and gaming industries, the company works with architects and designers who are striving to create interior space with an unforgettable "WOW". As a long standing provider of these types of services, the company is well known and respected within the various arenas served and enjoys a strong history of repeat business from customers located across the country. Over the years, the addition of architectural metal work in conjunction with the woodwork has allowed the company to go one step further in offering spectacular end results for the client. The company has in-house capabilities for woodworking, metal design, crafting and final finishing. A knowledgeable staff of professional employees are available and motivated to assist customers in all areas of the manufacturing and installation process. A unique opportunity to acquire a strong company with a solid product history and reputation. Seller will consider all proposals for merger or acquisition.


DETAILED INFORMATION
Inventory
Included in asking price
Real Estate
Leased
Building SF
28,300
Lease Expiration
31/12/2024
Employees
23
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The company operates from a purpose designed and constructed building, leased from separate LLC controlled by the shareholders. All equipment, furniture and fixtures used in the business operations are included in the asking price, with no new major capital expenditures expected in the near future.
Competition
There are several other similar millwork companies across the country and within the region, but this company enjoys a strong history and reputation for honesty, integrity, quality, on time delivery and personal service.
Growth & Expansion
Currently operating at approximately 65% of plant capacity on one shift, there is room for growth by accepting new opportunities slightly outside today's main focus that are routinely received, but are now turned down.
Financing
The asking price of $5.3 million includes $500,000 of working capital at closing
Support & Training
Sufficient instruction and training in the business operations will be provided to a buyer by the seller as part of the sale process.
Reason for Selling
Retirement
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Roger Rumble
The Stratford Associates, Inc.
Roger Rumble