Presenting a manufacturing & fabrication company with a
focus in wood and millwork where the owner is very much
passive. They are boasting more than $6M in backlog and
the asset value is over $2.6M; which includes a working
capital of $1.8M, vehicles and equipment over $800,000.
They have a recurring client base which consists of schools,
universities, churches, and hospitals. They do not carry any
designations such as MBE, WBE, or SDVOSB. The
business owner enjoys running this company passively due
to the experienced leadership team of 5 which includes a
President who has been groomed to operate the business, 7
Administrators, 9 in the shop, and 6 in the field. Labor
includes the General Manager, Foreman, Estimator,
Production Manager, and Fabricators with all other labor
subcontracted out for installation. The owner is willing to stay
on for 1 year and is selling due to retirement as he
established this business more than 30 years ago. Due to
reasons for growth and expansion, they have moved into a
building that 14,000 sq ft roughly 2 years ago and have
experienced this continued growth trend ever since. The
seller is willing to carry or roll equity at 15% to show his
vested interest in the continued success of the business
moving forward
Priced at $5,500,000, this business comes with a proven
history, a tenured staff, and reliable client base, allowing for
a buyer to step in and continue operating and growing
successfully from day one. Growth opportunities include
continuing to follow GCs to high net-worth areas like Hawaii.