This established Door Distribution business is well positioned for the qualified Buyer who wants to take advantage of the booming Northwest construction industry! They have been in business for over 25 years providing design, sales, and service of commercial doors and hardware. They service schools, hospitals, museums, office buildings or any other commercial building, specializing in complex fire-rated doors and hold-open doors, cross corridor/area separation doors, and elevator lobby doors and elevator shaft smoke containment doors.
- Asking Price:
- $885,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,448,653
- Cash Flow:
- $385,939
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The business is located in a light industrial building close to the on-ramp to the major gateway to Seattle, Central & Eastern Washington. There is 1800SF of space consisting of 25% office and 75% warehouse at $1900/per month with NNN charges of $650/per month.
Business Operation
- Expansion Potential:
-
Cummings Regional Market Analysts report, more favorable economic conditions have finally arrived, meaning that projects that were put on hold last spring and summer and finally breaking ground. Although the residential sector is the largest by a fair margin, the infrastructure sector is expected to see a lot of attention in the coming years as Seattle looks to become a leader in sustainability.
- Competition / Market:
-
They have been the leading exclusive supplier of a patented door system for nearly 20 years. There is one other supplier, however, the business reputation makes them the preferred supplier.
Cummings Construction Market Analysts website states, Seattle construction is well on its way to a full recovery from the fallout of the last year. Unemployment has been holding at about 6%, similar to last March. It is expected to fall further as life returns to normal. Construction employment, meanwhile, has made a full recovery. With a high cost of living, continued demand for construction, and a volatile labor market, we expect construction costs to slowly but steadily increase throughout 2023.
- Reasons for selling:
-
Owner is retiring.
- Trading hours:
-
Monday-Friday 8am-5pm
- Employees:
- 3 FT/2 PT
- Years established:
- 19 Years
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
They are a supplier of a patented door system desired by require fewer parts, provide optimal security, and deliver reduced maintenance and overall costs.
- Furniture / Fixtures value:
- $60,902 - included in the asking price
- Inventory / Stock value:
- $7,250 - included in the asking price
- Relocatable:
- This business can be relocated.
