Fabrication & Manufacturing Of Millwork With Passive Owner In Salt Lake City For Sale

Over the last 3 decades, this fabrication & millwork operation
has served a repeat base of commercial clients; ranging
across schools/universities, hospitals, churches, detention
centers and office buildings. Operating out of a 14,000 sq, ft.
fabricating facility in Salt Lake City, which they recently
moved to keep up with the year-over-year growth, in fact,
they are experiencing a higher-than-normal backlog of over
$6M! Known for high quality, specialized manufacturing of
cabinetry and related goods, there is a tenured team of 27,
including 5 in Leadership, 7 in Administration, 9 in the Shop,
and 6 in the Field. They have an expert leadership team
running the day-to-day operations, made up of a General
Manager, Shop Foreman, Production Manager, and a
Project Manager. The owner is removed from the daily roles,
he is more of the “Big Vision” and general oversight of his
key people which includes the President, whom he has
mentored to operate the company. After 30 years, he is
retiring, but is committed to a 2–3-year transition to ensure
ongoing success of the business. He is also willing to
finance 10-15% of the purchase price. There is over $3
million in assets with the purchase, which includes
$1,300,000 in Working Capital, plus $170,000 in new
buildout, and nearly $600,000 in equipment, vehicles and
tools needed to operate the business. They have a focused
service area in the Southwest US. There are no affiliations or
special certifications associated with this business, meaning
they are not MBE, WBE, veteran owned, union, etc.
Priced at $5,450,000, this business comes with a proven
history, a tenured staff, and reliable client base, allowing for
a buyer to step in and continue operating and growing
successfully from day one. Growth opportunities include
continuing to follow GCs to high net-worth areas like Hawaii.
This business has no affiliations or special designation such
as MBE, WBE, Veteran owned or Union.