Custom Millwork Manufacturer
Business Description
Description:
The Company is a manufacturer of high-quality custom millwork, including cabinets, countertops, feature walls, wall panels, desks, and ceiling elements.
Key Aspects:
• Revenue and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 26.3% and 122.2%, respectively, from 2021 through the trailing twelve months (TTM) June 30, 2024
• Revenue grew 29.5% from 2022 to 2023
• Gross profit (GP) margins averaged 64.5% from 2021 to 2023
• Management estimates $1.75 million in backlog as of July 22, 2024
• Management notes that 90% of revenue was from repeat customers in 2023
Opportunities:
• Bring to market custom-printed medium-density fiberboard (MDF) panels and glass to gain market share
• Develop a product line of medical exam and mobile cabinets to diversify the customer base
• Add search engine optimization (SEO) to the company website to improve visibility and attract new customers
• Reconfigure the operating facility space to make room for new hires allowing the company to accept more jobs and increase revenue
• Offer custom millwork products to the residential market to increase revenue and grow customer base
Headquartered:
• Southeast, US
Current Markets:
• The Company mainly services the commercial construction industry in the Southeast, US.
Real Estate:
• The Company operates from a 10,000 sq. ft. facility leased from an affiliated entity, which may be included in the sale or leased long-term.
Shareholder Ownership:
• The Company is owned by two shareholders who would like to pursue retirement. Both owners are willing to remain with the Company for a predetermined period to facilitate a smooth transition to new ownership.
The Company is a manufacturer of high-quality custom millwork, including cabinets, countertops, feature walls, wall panels, desks, and ceiling elements.
Key Aspects:
• Revenue and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 26.3% and 122.2%, respectively, from 2021 through the trailing twelve months (TTM) June 30, 2024
• Revenue grew 29.5% from 2022 to 2023
• Gross profit (GP) margins averaged 64.5% from 2021 to 2023
• Management estimates $1.75 million in backlog as of July 22, 2024
• Management notes that 90% of revenue was from repeat customers in 2023
Opportunities:
• Bring to market custom-printed medium-density fiberboard (MDF) panels and glass to gain market share
• Develop a product line of medical exam and mobile cabinets to diversify the customer base
• Add search engine optimization (SEO) to the company website to improve visibility and attract new customers
• Reconfigure the operating facility space to make room for new hires allowing the company to accept more jobs and increase revenue
• Offer custom millwork products to the residential market to increase revenue and grow customer base
Headquartered:
• Southeast, US
Current Markets:
• The Company mainly services the commercial construction industry in the Southeast, US.
Real Estate:
• The Company operates from a 10,000 sq. ft. facility leased from an affiliated entity, which may be included in the sale or leased long-term.
Shareholder Ownership:
• The Company is owned by two shareholders who would like to pursue retirement. Both owners are willing to remain with the Company for a predetermined period to facilitate a smooth transition to new ownership.
Listing Info
- ID
- 2265163
- Listing Views
- 375
Attached DocumentsAttachment Disclaimer
Listing ID: 2265163 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. See our full Terms of Use. Learn how to avoid scams.