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Manufacturer of Commercial Laminated Cabinetry
| Asking Price: | Not Disclosed | Inventory: | $1,800,000 ++ |
| Gross Revenue: | $8,500,000 | Real Estate: | $7,100,000 ** |
| Cash Flow: | $1,267,000 | FF&E: | $2,800,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Manufacturer of cabinets, counters, files, store fixtures, workstations, desks in plastic laminate
National Business Search is representing for sale, on an exclusive fee paid basis, a manufacturer of cabinets, counters, files, store fixtures, workstations, desks and personal living quarters in high quality plastic laminate.
The Company is based in a major city in the Southern US and was founded over 20 years ago.
The Company operates out of a state of the art manufacturing facility and services the education, commercial, medical and government markets.
The Company has a long history of consistent performance. In the last 3 years it has averaged $8,530,000 in sales and $1,267,000 in restated EBITDA (earnings before interest, taxes, depreciation and amortization).
The Company has 54 employees and an experienced management team. It has financial statements and excellent business systems in place.
The Company is at a point where it can be taken to a much bigger level, and there is a clear path to achieve that goal.
The Company is owned 60% by the President / founder of the business and 40% by a financial partner. The 40% partner, who is not involved in the day-to-day operations of the Company, desires to retire.
The President would like to gain liquidity and, at the same time, secure the resources to enable the Company to realize its full potential.
The President and full management team would like to remain and be a part of the Company's future.
The Company is based in a major city in the Southern US and was founded over 20 years ago.
The Company operates out of a state of the art manufacturing facility and services the education, commercial, medical and government markets.
The Company has a long history of consistent performance. In the last 3 years it has averaged $8,530,000 in sales and $1,267,000 in restated EBITDA (earnings before interest, taxes, depreciation and amortization).
The Company has 54 employees and an experienced management team. It has financial statements and excellent business systems in place.
The Company is at a point where it can be taken to a much bigger level, and there is a clear path to achieve that goal.
The Company is owned 60% by the President / founder of the business and 40% by a financial partner. The 40% partner, who is not involved in the day-to-day operations of the Company, desires to retire.
The President would like to gain liquidity and, at the same time, secure the resources to enable the Company to realize its full potential.
The President and full management team would like to remain and be a part of the Company's future.
About the Business
Year Established:1988
Employees:54 full time -
Facilities:The Company operates a state-of-the-art manufacturing facility devoted to the manufacture of wood, glass and integrated metal furnishings and fixtures. Its ultra-modern woodworking plant utilizes more than $2 million worth of the latest technological equipment, including a pneumatic laminating line, three computerized panel saws, three computerized edge-banding machines, (which apply finished edges on panels), four computerized boring (drilling) machines, one CNC router and a highly versatile CAD system. The facility is clean, efficient and organized.
Market Outlook and Competition:In the Company’s home state, school spending on cabinetry each year is close to $50 million. Spending on cabinetry is forecast to continue at this level for at least the next five years as schools and school districts expand facilities to meet constitutionally mandated small class size rules. Heavy infrastructure spending in education is occurring throughout the US and in the southeast due to many factors, including rising student populations, stimulus spending, a move to smaller class sizes, and normal wear and tear. The retail sector also spends heavily on these products as every year hundreds of retail chains change their floor layout, requiring new shelving, cabinetry and fixtures. Typically chains require their franchisees to change their fixtures every five years. The Company’s three primary competitors are all based in the Upper Midwest of the US, and have annual sales of 18, 21 and 30MM respectively. Each of these companies has a significant competitive freight disadvantage in the Southeastern US compared with the Company.
About the Sale
Management Training and Support:The operating owner will stay on.
Reason For Selling:To grow the business and gain liquidity.
Seller Financing:The price of the business is negotiable. In addition to cash or stock, the owner will consider creative proposals including equity, management participation and incentives based on future growth.
Attached Files - Attachment Disclaimer
 | Specification Letter |
KEYWORDS: manufacturing, cabinets, store fixtures, fixtures, counters, desks, workstations, distributor, school
Sell Your Business | This listing has been viewed 217 times
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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