Business Overview

A well-established commercial custom millwork shop that has excellent long-term relationships with general contractors is available due to the owner’s planned retirement. This shop is known for its quality and ability to do jobs that other shops are unable to do. The owner is willing to stay on to train the new buyer and help ensure a smooth transition and transfer of client relationships.

The business offers a clean shop with top-of-the-line equipment, skilled craftsmen in place, and strong long-term relationships with general contractors. This is an excellent opportunity for someone in the construction industry to own their own business or for an existing company to expand its market reach. The current owner works part-time resulting in lots of upside opportunities for someone wishing to grow the business.

$611,00 asking price with seller financing, available on a case-by-case basis. The facility may be leased, purchased for $1,500,000, or relocated.

Contact us now through the ad, by contacting the broker directly at jason@truview business.com, or calling (713) 714-7516 to obtain the link for the electronic confidentiality agreement and buyer registration. Upon completion of these forms, we will send you detailed information about the business for sale.

Financial

  • Asking Price: $550,000
  • Cash Flow: $178,718
  • Gross Revenue: $997,309
  • EBITDA: N/A
  • FF&E: $325,000
  • Inventory: $10,000
  • Inventory Included: Yes
  • Established: 1980

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:7,500
  • Lot Size:N/A
  • Total Number of Employees:12
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Stand-alone warehouse with built-out offices. New buildout. Facilities can be leased, purchased, or relocated.

Is Support & Training Included:

The current owner is offering training and support during the transition period.

Purpose For Selling:

Retirement

Pros and Cons:

Contact us to receive a Confidential Business Opportunity Report which will highlight the competition and strengths and weaknesses of the business.

Opportunities and Growth:

There are many opportunities to grow the business including adding a salesperson to increase bids and expanding into other types of customers such as governmental, industrial, and residential.

Additional Info

The company was established in 1980, making the business 42 years old.
The deal shall include inventory valued at $10,000, which is included in the asking price.

The company has 12 employees and is situated in a building with disclosed square footage of 7,500 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals choose to sell businesses. Nevertheless, the real factor vs the one they say to you might be 2 totally different things. As an example, they might state "I have way too many various obligations" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might simply be reasons to attempt to conceal the reality of altering demographics, increased competitors, current decrease in incomes, or a variety of various other reasons. This is why it is very essential that you not rely completely on a seller's word, but instead, utilize the vendor's answer together with your general due diligence. This will repaint a much more sensible image of the business's current situation.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Many operating businesses finance loans with the purpose of covering things such as supplies, payroll, accounts payable, etc. Remember that sometimes this can indicate that profit margins are too thin. Numerous companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that must be met or might lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location attract new consumers? Most times, companies have repeat clients, which develop the core of their everyday earnings. Particular aspects such as brand-new competitors sprouting up around the location, roadway construction, as well as employee turn over can influence repeat clients and also adversely impact future incomes. One important point to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business on a regular basis, the higher the chance to build a returning customer base. A final thought is the general location demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? Exactly how might the regional median household earnings influence future revenue prospects?