Manufacturing & Installation Company

Not Disclosed, IL

Northern Illinois


Asking Price: Annual Revenue:
$1,425,000 $2,104,850

Manufacturing: Furniture, Fixtures Manufacturing


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RE: Manufacturing & Installation Company Broker: Jim Peddle
Owner Financing is Available!
$140,000 seller note

Quick Facts

Asking Price: $1,425,000
Annual Revenue: $2,104,850
Net Profit: Not Disclosed
Cash Flow: $351,875
Total Debt: Not Disclosed
FF&E: $546,747
Real Estate: Not Disclosed
Year Established: 1989
Employees: 20
BBN Listing #: 56250522
Broker Reference #: PB16179

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Business Overview:

This established Wood Fabrication manufacturer generates consistent annual revenues of over $2 million and works almost exclusively with B2B - Corporate & Construction customers. It has been in business for over 20+ years and operates out of a single facility in the Chicago Suburbs. The Company services the entire Chicago Metro area as well as most of the Midwestern United States. It also ships its products nationwide.

The Company currently has a backlog/pipeline of over $1.8mm for 2019 & 2020 with orders going into the second quarter of 2020. It specializes in custom built furniture and counter-tops including desks, nursing stations, cabinetry, shelving units, and much more. It primarily offers its products and services to other businesses, including corporations, hospitals and apartment buildings. However, it does take large residential contracts on occasion. With its excellent customer service and talented staff, the Company is one of the best in its territory.

The majority of the Company's quote requests are emailed or called in from existing clients. Occasionally, a client will schedule an in-person appointment to view the job as a condition of bidding. The purchase orders are always emailed before any site measurements and shop drawings are produced and approved. Items are manufactured and delivered to an installation company or occasionally installed by the Company's crew.

Interested buyers must sign a non-disclosure agreement with the business broker engaged to sell the Company. Contact Jim Peddle at president@playbookadvisory.com.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

The Company operates out of a single 15,000+ square feet facility. It is broken into production space and office space for the inside sales, marketing and customer service staff. The Real Estate is available for purchase or lease.

Market Competition and Expansion:

The Company has a long history of being recognized as a premier custom furniture, shelving, and countertop fabricator. The Company is well established with easily maintained customer relationships. Because of this, the marketing is mainly word of mouth and visits to customer offices. The Company has a functional website that needs some improvement. It could be far more effective at generating new business and developing new business markets. It primarily serves as a catalog for the different project types the Company offers. Most of the Company's work is won in a competitive bid environment. The current owner wanted to explore the possibility of creating a Company product line and market to several new markets such as the Hospitality Industry, the Closet Industry, increasing its development of its Custom Office Furniture market, and the Student Housing Market. The seller has looked at implementing ecommerce and accepting credit card purchases to help open up work with government agencies such as housing authorities, universities, and military suppliers.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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