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Top West Coast Millwork Manufacturer
Location British Columbia,Canada
Asking Price Range $1.0M - $2.5M
Gross Revenues $3026000
Net Profit / Cash Flow $60000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1983
Number of Employees 20 - 34
Inventory 1500000
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training Full support to be included.
Reason for Sale Retirement.
Description Founded in 1983. And grew steadily over 28 years. Moved in the 90's to a modern & roomy facility (18,000 sf), with the fullest range of manufacturing and finishing equipment and machinery in the region.
Design - Manufacture - Install: This commercial millwork business has built a prime customer list that includes hotels, restaurants, government offices, DND, universities, national chain stores, banks, schools and more. The business has won a reputation for on-time and professional installations of custom-built wall panels, trim, doors and cabinetry.
Owner Retiring: The business has experienced managers, and the owner can be available to assist with training and transition. Senior and qualified production and installation staff are employed (including 10 ticketed joiners). Good people in estimating, production and installation confer a considerable advantage for such a business, in a tight labour market.
Terms: Asset purchase or share purchase possible. The Business comes with:
a complete range of machinery and equipment (includes 2 fully automated CNC processing machines, 1 fully automated saw, automated sander for lacquer finishes). Fair Market value, including tooling, $1,500,000 approx;
Inventory & work in progress (about $500,000);
Available tax loss carry forward $290,000 (2011)
Working capital negotiable.
Real Estate Available: Business premises can be acquired, or premises will be leased on long-term basis, on terms to be negotiated.
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