The Company fabricates laminated panels into finished commercial and residential cabinets, closet parts, business office furniture and components, medical components, and display store fixture parts. The Company combines high-tech production methods with Midwestern craftsmanship and innovation. The primary entity rents the facilities and equipment from the secondary entity, as detailed in the key indicators section below
Key Aspects
• Over 50 years in the industry with experienced staff in place for a seamless transition
• Established network of key suppliers within the industry
• The gross Margin has averaged 44.2% from 2020 through 2022
• Modern equipment with broad capabilities, including duplicity in most of the production equipment
Opportunities
• Increase the size of the Company’s current dealer & provider network to gain market share
• Expand geographically through the exposure created by developing a plug-in to a computerized cabinet catalog called 2020 Design, almost complete with planned release in 2024
• Expand current marketing efforts to increase brand positioning and awareness
• Diversify product lines to penetrate new markets
Headquartered
• Midwest United States
Current Markets
• The company serves the markets of commercial cabinetry and office furniture, residential closets and cabinets, retail fixtures, and specialty medical components nationwide
Real Estate
• The Company operates from two facilities. A 23,276-square-foot manufacturing facility is leased from a related entity. This facility is available as part of the transaction, or a long-term lease can be negotiated with the owner. A separate 10,000-square-foot building is leased from an unrelated party and is used as a warehouse and office facility. The lease is transferrable.
Shareholder Objectives
• The Company is fully owned by a single shareholder
• The owner is seeking retirement and is open to a variety of deal structures
