Successful B2B Fabrication & Installation

Chicago, IL (Cook County)

Seller Financing Available
Successful B2B Fabrication & Installation
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Asking Price: $1,425,000

Cash Flow: $351,875

Gross Revenue: $2,104,850

EBITDA: N/A

FF&E: $546,747

Inventory: $47,000

Real Estate: $975,000*

Established: 1989

*not included in asking price.

Successful B2B Fabrication & Installation

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Business Description

Backlog & Pipeline = 1 Year Annual Revenues - Into 2020

This established Wood Fabrication manufacturer generates consistent annual revenues of over $2 million and works almost exclusively with B2B - Corporate & Construction customers. It has been in business for over 20+ years and operates out of a single facility in the Chicago Suburbs. The Company services the entire Chicago Metro area as well as most of the Midwestern United States. It also ships its products nationwide.

The Company currently has a backlog/pipeline of over $1.8mm for 2019 & 2020 with orders going into the second quarter of 2020. It specializes in custom built furniture and counter-tops including desks, nursing stations, cabinetry, shelving units, and much more. It primarily offers its products and services to other businesses, including corporations, hospitals and apartment buildings. However, it does take large residential contracts on occasion. With its excellent customer service and talented staff, the Company is one of the best in its territory.

The majority of the Company's quote requests are emailed or called in from existing clients. Occasionally, a client will schedule an in-person appointment to view the job as a condition of bidding. The purchase orders are always emailed before any site measurements and shop drawings are produced and approved. Items are manufactured and delivered to an installation company or occasionally installed by the Company's crew.

Interested buyers must sign a non-disclosure agreement with the business broker engaged to sell the Company. Contact Jim Peddle at president@playbookadvisory.com.

Detailed Information

Location:
Chicago, IL
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
18,000
Employees:
20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company operates out of a single 18,000+ sq/ft facility. It is broken into production space and office space for the inside sales, marketing and customer service staff. The Real Estate is available for purchase or lease.
Competition:
The Company has a long history of being recognized as a premier custom furniture, shelving, and countertop fabricator. The Company is well established with easily maintained customer relationships. Because of this, the marketing is mainly word of mouth and visits to customer offices. The Company has a functional website that needs some improvement. It could be far more effective at generating new business and developing new business markets. It primarily serves as a catalog for the different project types the Company offers. Most of the Company's work is won in a competitive bid environment.
Growth & Expansion:
The current owner wanted to explore the possibility of creating a Company product line and market to several new markets such as the Hospitality Industry, the Closet Industry, increasing its development of its Custom Office Furniture market, and the Student Housing Market. The seller has looked at implementing ecommerce and accepting credit card purchases to help open up work with government agencies such as housing authorities, universities, and military suppliers.
Financing:
140000
Support & Training:
Mutually agreed upon training and transition. Typically the seller will provide 90 days unpaid and will agree to stay for longer for a per hour consulting fee.
Reason for Selling:
Retirement
Business Website:
http://www.playbookadvisory.com
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Jim Peddle

Business Listed By:
Jim Peddle

Playbook Corporate Advisory, Inc.

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