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Tennessee Business For Sale |
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| MULTI-FACETED COMMERCIAL MILLWORK BUSINESS |
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| Attn: Mickie Bernard |
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| Not Disclosed, TN, USA |
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| Asking Price: |
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Not Available |
| Business for Sale Industry: |
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Services: Construction, Contractors |
Year Established: |
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1990 |
| # of Employees: |
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16 |
| Yearly Revenues: |
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$1,566,000 |
| Yearly EBITDA: |
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$407,000 |
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Business for Sale Overview:
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‘06 revenues of $1.57 mm represent an increase of nearly 17% over results in ’05 for this respected & highly profitable commercial millwork business currently represented by The March Group, LLC. Specializing in the design, build, & installation of millwork & fixtures such as shelving, counters, & displays for a variety of applications, this company offers a comprehensive range of services, from submittal drawings through installation, & the unique ability to work with a variety of materials-including its own laminating assembly line & a specialty in Corian & stainless steel. Profit margins, which topped 26% in ’06, have grown steadily over the past three years, spurred on by the addition of an industry-specific software program. Production rate per square foot of production area is excellent, far exceeding the industry standard. In 2006, trademarked a proprietary product line which will build company recognition & brand leverage with architects & corporate buyers. Sales in 2007 are expected to grow 33% to hit $2.09 million, & growth of at least 10% annually is expected through 2011.
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Property Features and Assets:
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Headquartered in a 12,00 sq. ft. building. A 6,400 sq. ft. addition is scheduled to be completed in the third quarter 2007. This addition will fully support sales up to $3 mm/yr. on one shift. |
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Market Competition and Expansion:
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As of February 2007, there is a backlog of $1.8 million in work to be completed in the following 8 – 12 months. The recently launched marketing campaign, along with the addition of the proprietary product line, has positioned the Company for great advances in name recognition & brand leverage with key clients. An emphasis on the Company’s work with different materials would only enhance this effort. In the past, the company was active in the national market, to great success. A re-entry is very feasible, given the contacts the Company still has. |
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Additional Details:
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- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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