Manufacturer of Commercial Wood Products

Winston Salem, NC (Forsyth County)

Seller Financing Available
Manufacturer of Commercial Wood Products

Asking Price:$975,000

Cash Flow:$322,000

Gross Revenue:$1,395,000





Manufacturer of Commercial Wood Products

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Business Description

100% commercial products, strong cash flow, consistent revenues

This business manufactures wood fixtures for installation in commercial facilities. Its products are found in hospitals, medical offices, banks, offices, and a variety of other commercial buildings throughout the Piedmont Triad region and beyond. Its customers are prime contractor/builders or subcontractors who rely on this company as a subcontractor to provide high quality, durable fixtures suitable for commercial and industrial applications. In business for more than 14 years, the company has established a strong track record of satisfied customers and brand awareness, with consistent profitability. Sales and profit margins are growing steadily. The owner is ready to retire and transition the business to an energetic buyer who can take advantage of plentiful growth opportunities in the current market. Expansion opportunities are extensive with existing facilities and equipment. Required skills and knowledge to manage this business can be acquired with training, and the owner is willing to consult as needed for an extended period of time. The operations manager desires to continue working in the business.

Detailed Information

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
The business operates from a leased 8,000 +/- square foot industrial facility in Winston-Salem. Rent expense is low at approximately 1.2% of annual sales revenue, with the landlord responsible for real property taxes and building insurance.
Sales and profit margin are growing at a steady rate, and this business is finding more prospective business opportunities than the owner is able to pursue with existing capacity, in the current market.
Growth & Expansion:
This business could be easily expanded simply by bidding on more job opportunities or expanding the geographical region where jobs are bid. Profit margins are strong and there is capacity to expand business with more aggressive bidding as well. Existing facilities allow some room for expansion of business.
Limited seller financing available to a qualified buyer
Support & Training:
The owner is willing to providing transition support and training after closing, possibly for an extended period of time if desired by the new owner. Key employees are expected to remain.
Reason for Selling:

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Steve Minnich, J.D., C.B.I.

Business Listed By:
Steve Minnich, J.D., C.B.I.

Piedmont Business, LLC

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Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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