Custom Commercial cabinets and mill work

Grand Rapids, MI (Kent County)

Custom Commercial cabinets and mill work

Asking Price:$1,000,000

Cash Flow:N/A

Gross Revenue:$2,000,000

EBITDA:N/A

FF&E:$600,000

Inventory:$40,000

Real Estate:$1,200,000*

Established:1976

*not included in asking price.

Custom Commercial cabinets and mill work

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Business Description

Long established commercial mill work and wood manufacturer. The business has a strong customer base and enjoys a great reputation for quality and on time delivery.
The business has up to date equipment and facilities which is capable of supporting significant growth with very little additional overhead.
Current sales activity is strong and the company has a substantial backlog.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
30,000
Employees:
11 FTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
30,000 sq ft facility in an industrial area owned by seller. Seller will sell or lease. Building sits on an 4 acre parcel. There is an additional 4 acres owned by seller that can also be purchased. Building has all dust collection equipment installed.
Competition:
The business is located in a prime industrial area and can easily access all roads and freeways in any direction. This business is the oldest continuously operating business of its kind in Michigan the seller is aware of. It has a great reputation with commercial building contractors. Its long time employee base is not only stable but highly qualified to be able to do anything that may be required by its customers with skill and on time delivery.
Growth & Expansion:
Currently the business only works on commercial accounts. An expansion to include high end residential business could be easily accomplished. Also more of a sales presence in other areas outside the immediate geographical area can be done . Currently the business has serviced customers as far away as Chicago.
Financing:
some to qualified buyer
Support & Training:
Seller will supply familiarization and training as required to insure a smooth transition.
Reason for Selling:
retirement

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Jack Snyder

Business Listed By:
Jack Snyder

Snyder Partners inc

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