A fabrication business that specializes in the manufacturing of cabinet, louver, and locker doors for over 40 years. They primarily operate as a business-to-business (B2B) company, with approximately 98% of their sales being made to other businesses with a niche in health clubs and golf courses.
They produce raw products but do not engage in the design process. Instead, the B2B clients submit the design, which is then brought to life through their manufacturing capabilities. This company does not install the doors, nor do they work with the end user. The established team in place consists of a bookkeeper and 8 fabrication technicians. Additionally, the seller has agreed to a 1-year transition period to provide a smooth transition. The assets included in the purchase price have a replacement value of $1,880,240, and the current backlog is at $203,428. This business is located in the growing community of Montrose, Colorado, which is roughly 45 minutes away from Grand Junction. The spacious facility is 14,298 square feet, with ample room for expansion. Priced at $890,000, this business has established itself as a reputable player in the door manufacturing industry. The current owner is selling this business to plan for retirement and has offered to carry 10% of the purchase price to show a vested interest in the continued success of the business. A 10% down payment of $89,000 returns $246,001 in the first year after debt payments! They do not engage in metalwork or plastic. Additionally, they do not provide any hardware or finishing services. Their manufacturing process solely involves working with raw materials and does not require the use of chemicals or spray finishes.
