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35 Year Old Turn - Key Millwork Business For Sale
Location Ontario,Canada
Asking Price Range $250K - $500K
Gross Revenues $2000000
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1977
Number of Employees 6 - 9
Relocatable Yes
Number of Employees 6 - 9
Real Estate Leased
Training Training will be provided by the seller as required.
Reason for Sale Poor health.
Description This company for over 35 years has been reliable commercial and residential supplier and manufacturer of architectural woodwork, custom cabinets, wall cladding wood panels, reception desks, and various custom units. Initial operation started in 1977 and current owners purchased the business in 2003. In 2012 the business had its best year ever by topping $2M in annual Sales. Unfortunately and unexpectedly its owner has been incapacitated to run the business. His family is selling this turn-key business, with its trained staff, state of the art machinery (3 years average age) and sales and supplier history for Fair Market Value of the equipment.
The company is member of AWMAC and experienced in various LEED projects. It operates out of a 7,000 sq. ft. facility with 22 ft ceilings. The company currently is completing a number of projects and current caretaker management is not bidding on new business. Should a new buyer be identified in the near future, a solid amount of pipeline projects is available for bidding (currently company has 15 tender invitations it is not pursuing due to the current situation). Some notable projects the company has completed include Maple Leaf Gardens, Ryerson University, Queens University, various hospitals, etc. This is a tremendous opportunity at below market value for a purchaser with experience and interest in the wood and millwork business. Not valued on the books but included in the sale of the business are all permits, licenses, installations, cube van, spray booth, and good will totalling at least another $300,000.
Asking Price: $289,000
Revenue: $2,000,000
FF&E: $300,000 (Included)
Real Estate Available: No
Established: 1977
Employees: 7 F/T
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