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Manufacturing And Fabrication Of Millwork For Sale

Salt Lake City, Utah, US
Asking Price:
$3,825,000 Furniture / Fixtures included
Sales Revenue:
$8,345,542
Cash Flow:
$1,061,437

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! 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. Known for high quality, specialized
manufacturing of cabinetry and related goods, there is a
tenured team of 26, including 5 in Administration, 11 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. 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 CNC routers, horizontal
boring machine, gliding saw, table & chip saw, timesaver
sander, software, 1 pick-up, 2 trailers, 2 vans, 2 box trucks
and all of the additional equipment 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 $3,825,000, 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. A 12.5% down payment of
$478,125 returns $518,391 in the first year after debt
payments!

Business Operation

Expansion Potential:

Continue following GCs to high-net-worth
areas like Hawaii.

Reasons for selling:

Retirement/Age

Employees:
26
Years established:
1995

Other Information

Support & training:

Will stay on 2-3 years.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

12.5% Buyer Down Payment $478,125
12.5% Seller Financing $478,125
75% Bank Loan $2,868,750

Furniture / Fixtures value:
$3,529,928 - included in the asking price
Related Documents: