| Asking Price |
$3,900,000 | Inventory |
$400,000* |
|---|---|---|---|
| Gross Income |
$6,000,000 | Real Estate |
$2,100,000* |
| Cash Flow |
$710,000 | Year Established | 1983 |
| FF&E |
$500,000* | Employees | 20 |
* included in the asking price
** not included in the asking price
This company is a designer and manufacturer of homes with a national market. The business is well-established, rapidly growing and profitable. Operations include, but are not limited to, the design and manufacture of a wide variety of products. The company has blended creativity with innovative techniques, modern equipment and manufacturing methods that include both custom and production work. Its success is related to its excellent reputation of high quality work done on time and on budget. The company s customer list is impressive. This is an exceptional opportunity for a corporate acquirer in a related or complimentary business or for an individual looking to combine sales, marketing and management skills in a traditional and historic Maine business. The real estate is included with the acquisition. Suitable for a 1031 exchange.
Facilities: The business occupies multiple well-maintained buildings on a large tract of land in one of Maine s most scenic areas. It also has easy access to a major highway. The real estate is included with the acquisition. Suitable for a 1031 exchange.
Competition: There are several larger and smaller competitors in New England, but none offers the variety of homes or the complete building systems approach. The company believes that its exceptional management team and efficient production facility give it a cost advantage over its competition.
Growth/Expansion: The company believes that its core business will continue to grow at an annual rate of 10-15%. It also believes that tremendous future growth will come from expansion of its sales network in western states, and the establishment of sales networks in other states.
Financing: Seller/Bank finance: $1.1MM on Biz, $1.6MM on R.E., Down Pymt: $1.2MM.
Support/Training: The seller will provide transition training for a new owner.
Reason Selling: Retirement

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