71133-Custom Mantel Mfg and Millwork

71133-Custom Mantel Mfg and Millwork

Asking Price:N/A

Cash Flow:$91,000

Gross Revenue:$988,000





71133-Custom Mantel Mfg and Millwork

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Business Description

This offering falls in the price range of $1,000,000-$2,500,000 (USD), to be negotiated at time of sale. Founded in 1988, this Company has successfully established itself as experts within the manufacturing- custom millwork industry. Located in a prime area of Alberta, the business is a provider of custom millwork primarily to wholesale distributors, residential and commercial construction contractors and retailers. The Company boasts a full range of millwork capabilities including mantels, columns, custom cabinetry and furniture as well as restoration services, design services and installations. The active principal has built a successful business that prides itself in building long-term relationships with its customers and suppliers, and offering high quality craftsmanship and carpentry services. Efforts have resulted in many highly satisfied customers and a loyal base that provides a high rate of repeat business. Today, the company is well positioned to leverage its enviable reputation and pursue growth beyond the projections through initial marketing efforts.

While production accounts for just 10%, about half of their revenues are derived from moldings, 40% of sales through components for other companies including shelving parts and pieces. This company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. The current owner is approaching retirement and would like to aid the new owner in taking the business to the next level. In fact, the current owner is in process of taking steps to increase profit margins. For more information about this opportunity, contact us today!

Detailed Information

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
The company currently operates from 7,500 sq. ft. of leased office/warehouse space with a showroom. The business could be relocated within the regional service area if the new owner desired.
99% repeat clientele
Growth & Expansion:
Many growth opportunities are available to a new owner. The most beneficial being hiring more staff and someone specifically for sales and marketing. Particularly, approaching more designers and contractors could improve sales. A more aggressive owner might expand into harder materials such as stone or concrete. Another opportunity exists in offering maintenance services such as refinishing and touch ups.
Support & Training:
The owner is available for a few years after the sale of the company while the skilled employees will most likely stay on afterwards.
Reason for Selling:
Approaching retirement.

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