Custom Window Manufacturer

Durand, MI (Shiawassee County)

Seller Financing Available
Custom Window Manufacturer

Asking Price:$250,000

Cash Flow:$65,446

Gross Revenue:$1,154,098

EBITDA:N/A

FF&E:$95,000

Inventory:$130,000

Real Estate:$200,000*

Established:1991

*not included in asking price.

Custom Window Manufacturer

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Business Description

Once a $7,000,000.00 business this company’s sales declined due to the economy and owner’s illness. In the past three years he has built the business back up to over a million dollars a year in revenue and is on track to do between $1.5 and $2 million in 2016.. The company currently has 20 loyal employees, over $80,000.00 in equipment, $15,000.00 in vehicles and an average of $130,000.00 in inventory. The inventory will be included in the purchase price and the buyer will retain the accounts payable and accounts receivable.

An ideal buyer would be a competitor looking to expand with an excellent custom window design, someone familiar with the construction industry or any individual with the ability to manage a manufacturing facility. The pieces are in place for the technical side of the business to run with the current experienced staff.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
N/A
Employees:
20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Established in 1991, this manufacturer of vinyl windows provides custom windows for replacement and new construction. The company has the potential to grow into the multi-million dollar business it once was. The business is located in a 39,000 square foot manufacturing/warehouse facility in Mid-Michigan with easy access to three major interstate systems. The facility is owned by the seller and is available for sale or lease.
Competition:
This Outstanding business has the following attributes: • Excellent facility in a very good central Location • Knowledgeable and loyal employees who can operate the business • An excellent reputation in the industry. • Enthusiastic and effective sales reps. • A superior window design.
Growth & Expansion:
After a down period due to illness the business is on the upswing. Additional sales reps would increase the revenue. An upgrade to the web site could dramatically increase the exposure of the custom window designs.
Support & Training:
The business has 20 experienced employees. The technical part of the business will be able to continue with the current staff. The owner is wiling to stay on for a limited period of time to assist the new owner in establishing a relationship with key clients. He is also open to continuing on as a part time sales consultant.
Reason for Selling:
Retirement

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Johm Mulheisen

Business Listed By:
Johm Mulheisen

MarketPoint Advisors

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Sponsoring Broker:
Wendell Brandt

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