Millwork Mfg For Churches/Schools W/ $7.5M Backlog

North Salt Lake, UT Davis County

Asking Price: $2,900,000

Annual Revenue: $5,054,600

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RE: Millwork Mfg For Churches/Schools W/ $7.5M Backlog
Contact: Cortney Sells

Owner Financing is Available!

Purchase Price: $2,900,000 12.5% Buyer Down Payment$362,500 12.5% Seller Financing or Equity Roll$362,500 75% Bank Loan$2,175,000 A 12.5% down payment of $362,500 returns $382,999 in the first year after debt payments!

Quick Facts

	Asking Price:	$2,900,000
	Annual Revenue:	$5,054,600
	Net Profit:	Not Disclosed
	Cash Flow:	$753,860
	Total Debt:	Not Disclosed
	FF&E:	$906,550
	Real Estate:	Not Disclosed
	Year Established:	1995
	Employees:	22
	BBN Listing #:	900434398
	Broker Reference #:	CBI018

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Business Overview:

With 30 signed contracts worth $7.5M on the books for 2021, this year is looking to be the most profitable year on record for this custom millwork manufacturing company! Being considered an essential business, they have not been impacted by COVID. Based in a 10,000 sq. ft. facility with 900k in equipment and assets, this custom millwork business is affiliated with all major contractors in Utah. Established for 25 years and licensed in Utah, California, Idaho, New Mexico, and Hawaii, their clients include schools, churches, hospitals, corporate offices, universities, and government buildings, along with some residential work in apartment complexes, homes, and condos. Assets include CNC routers, a horizontal boring machine, gliding saw, state-of-the art bander, table saw, chop saws, timesaver sander, a state-of-the-art spray booth for finish work, plus all of the basic equipment & tools needed for each job. The highly skilled team is comprised of the owner, who handles general oversight, 1 Shop Forman, 2 Project Managers, 1 Estimator, 1 Production Manager, 1 Office Manager, 4 Installers, 10-15 Fabricators, and subcontracted installers as needed.

The business is licensed in Hawaii, which is a major advantage, as there is very little competition; the company has completed $4M worth of work there. Their reputation has earned them several contracts with top-name businesses, religious affiliations, and area universities.

Priced at $2,900,000, this company is in a prime position for growth! At max capacity in their current facility, expanding their labor force and facility would lead to incredible revenue growth. There is also strong potential to take over the market share in the region, as many smaller businesses will not survive the pandemic. A 12.5% down payment of $362,500 will return $382,999 in the first year after debt payments – a 106% return on investment.

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Property Features and Assets:

Lease: 10,000 sq. ft. facility

Market Competition and Expansion:

Increase the market share, expand facility & labor force to be able to take on more work.

Reason for Selling:

Approaching Retirement.

Additional Details:

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

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