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This business is a high-quality design/build/installation casework manufacturing business focused almost exclusively on commercial clients. The business also designs/manufactures/installs ancillary products that carry high margins.
The company has a current backlog of approximately $10,000,000.
The business has been in continuous operation for approximately 30 years.
Real Property Included
This business is currently located in a 21,500 foot facility owned by its current owner. The land and building are not being offered for sale. 5,000 square feet of office including a high-end product showroom flows into a 16,500 square foot manufacturing/fabrication shop. Phone system is leased and monthly expense will be assumed by buyer.
New owner could expand regionally. Current owner does virtually no marketing of any type. Buyer could establish a residential division selling to new home builders and remodelers. Faster and/or more automated manufacturing equipment could be installed. Second shift and/or 7 day rotating work week could be established.
Competition exists in various forms from big box retailers to one man firms in a rented storage facility, but very few can provide the range of products and finishes at large scale with consistent quality and high margins. Wake County is routinely rated one of the best cities to live in America so the volume of available work due to population growth is significant. The company has reached scale large enough to compete with the largest national competitors while remaining flexible enough to compete with smaller businesses on smaller jobs.
Backlog currently averages ~$10 million pushing into 2024 which is growing on a weekly basis. Seller expects that this backlog will be considered when the purchase price multiple is being established.
Owner has other interests.
M-F 6-5
Seller will provide 80 hours of transition support at no additional cost. Additional transition support available if requested.
Seller will participate and facilitate data delivery to lenders, underwriters and/or SBA as needed.
