Seller's Contact Information
- RE: Commercial Custom Medical Casework Manufacturing
- Contact: Jeff Snell
Quick Facts
Asking Price: | $0 | |
Annual Revenue: | $9,396,964 | |
Net Profit: | $1,418,130 | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | $1,137,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1989 | |
Employees: | 35 | |
BBN Listing #: | 14846351 | |
Broker Reference #: | CASEWORK2 |
Business Overview:
This business is a high-quality design/build/installation casework manufacturing business focused almost exclusively on commercial clients. The business also designs/manufactures/installs ancillary products that carry high margins.
The company has a current backlog of approximately $10,000,000.
The business has been in continuous operation for approximately 30 years.
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Property Features and Assets:
This business is currently located in a 21,500 foot facility owned by its current owner. The land and building are not being offered for sale. 5,000 square feet of office including a high-end product showroom flows into a 16,500 square foot manufacturing/fabrication shop. Phone system is leased and monthly expense will be assumed by buyer.
Market Competition and Expansion:
Competition exists in various forms from big box retailers to one-man firms in a rented storage facility, but very few can provide the range of products and finishes at a large scale with consistent quality and high margins. Wake County is regularly rated “best of” cities in a wide variety of measures so the volume of available work due to population growth is significant. The company has reached a scale large enough to compete with the largest national competitors while remaining flexible enough to compete with smaller businesses on medium jobs. Backlog (April 2023) currently averages ~$10 million pushing into 2024 which is growing on a weekly basis. The seller expects that this backlog will be considered when the purchase price multiple is established.
Reason for Selling:
Other Interests.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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