Opportunity to buy architectural woodwork and commercial cabinets manufacturer.
This is a profitable business for sale specializing in the manufacturing of architectural woodwork and commercial cabinets, that servicing a wide range of markets. The company also offers ship-only products (store fixtures, hospitality furniture, and vanities) to commercial clients across the US. Project types are new construction, renovations, and build-outs.
Highlights of this business for sale:
- Gross profit and EBITDA have grown at a CAGR of 14.6% and 20.8%, from 2017 to 2020;
- Average gross profit margin of 21% for the last 4 years;
- Huge backlog;
- The profits come from turnkey woodwork packages and custom cabinetry (85%) and 15% ship-only products (15%);
- State-of-the-art equipment and expanded facility over the last years;
- Well-established relationships with designers, architects, contractors, and property developers/owners;
- Dedicated team of employees;
- Quality certifications;
Growth Potential:
- Expand product lines and services offerings and enter the new geographical markets;
- Execute additional commercial projects as infrastructure continues to grow;
- Add products for box cabinet manufacturers;
- OEM capabilities;
Property
The company leases a 50,000+ sq. ft. facility. The building is well kept and modern with no additional repairs needed once you acquire it. The building can handle expansion without having to incur any large incremental expenses.
Shareholder Objectives
The company is run by 2 shareholders, involved in day-to-day operations. Now they are seeking to retire and pursue other interests. They take pride in the business they have built and state that it is in a position where the new owner can take benefits from the growth opportunities in the market.
