This well-established Midwest Company provides commercial space planning, layout and design and manufactures and installs architectural millwork, cabinetry, and upholstered seating for bars, restaurants, hotels, retail spaces, offices, and select large residences. The Company stands out in its project and fixture design and manufacturing of fixtures that are difficult to source and those requiring a very specialized skill set. Its ability to produce highly customized fixtures is so well known that millwork shops hire the Company to build fixtures for them. With its talented staff and modernized facility, the Company is poised for continued growth in an industry that has very little competition.
- Asking Price:
- On request
- Sales Revenue:
- $3,640,000
- Cash Flow:
- $330,000
Property Information
- Real Estate:
-
Lease
- Location:
-
Midwest
- Premises Details:
-
The manufacturing facility is 24,000 square feet that was renovated about 10 years ago. All major capital improvements have been made and the Company does not expect any more.
- Size in square feet:
- 23,920
Business Operation
- Expansion Potential:
-
Increased marketing – Nearly all current sales are unsolicited, generated by the Company’s abilities and reputation. A marketing boost could expand sales. Higher-margin markets – Margins for custom furniture can be lower in the Company’s current market. Profits could be boosted by expansion into higher-margin markets in larger cities. Greater automation – The Company has invested in machinery to reduce labor costs, but that effort could be accelerated by new owners.
- Reasons for selling:
-
Moving towards retirement.
- Employees:
- 30
- Years established:
- About 20 years
Other Information
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Seller note or earnout/retained equity available depending on buyer experience
- Inventory / Stock value:
- $60,000
