Listing ID: 72639
This Northern California window and door manufacturer has built amazing customer loyalty after 35 years in business. They design and make custom windows and doors for luxury homes, commercial buildings, offices and hospitals.
This is a custom design and manufacturing company. They do no installations. All products are delivered to the job site or picked up by the customer. They employ the latest technologies in woodworking and design to create old-world craftsmanship that customers seek out.
• 35 years of profitable operations in same location
• Custom designs and manufacturing – no installations
• Highly organized 13,000 sq. ft. manufacturing shop
• Serving homes, hospitals, retailers, industrial, apartments
• Very healthy balance sheet with no long-term debts
• Downturn-resistant business thanks to high-income customers
• No contractor license required for ownership
• Owner willing to stay as employee during transition
Their custom-designed products are built and tested to the highest industry standards before going into fine luxury homes and commercial buildings. Their millworkers use the finest woods, glass and hardware elements to create gorgeous products which grab the eye.
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- Asking Price: $1,600,000
- Cash Flow: $516,698
- Gross Revenue: $3,973,286
- EBITDA: N/A
- FF&E: $200,000
- Inventory: $88,000
- Inventory Included: Yes
- Established: 1987
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:13,000
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
The sellers own the 13,000 square foot industrial/office building which has been home since the early 1990’s. They plan to retain ownership of the property and lease it out to the new business owner.
The owners are looking to retire after spending much of their lives building this amazing business. This could be a turnkey opportunity for an experienced window and door maker or others in the construction trades. The owners believe their longtime general manager will want to remain in place long after closing.
Retirement. Family has owned and operated for 35 years.
The company’s current balance sheet boasts more than $1 Million in retained earnings while both owners have been taking substantial salaries. The 10 employees are well compensated and most have been with the company more than a decade.
Strong P&L’s and balance sheets point to years of successful, profitable operations. Revenues have exceeded $3 Million every year recently, occasionally poking above the $4 Million mark.
The company was founded in 1987, making the business 35 years old.
The sale shall include inventory valued at $88,000, which is included in the listing price.
The business has 10 employees and resides in a building with disclosed square footage of 13,000 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell businesses. However, the real factor and the one they say to you might be 2 absolutely different things. For instance, they may claim "I have a lot of various commitments" or "I am retiring". For many sellers, these factors are valid. But, for some, these might simply be justifications to attempt to conceal the reality of transforming demographics, increased competitors, recent decrease in earnings, or a range of other factors. This is why it is really important that you not depend totally on a seller's word, but rather, use the seller's response along with your total due diligence. This will paint an extra reasonable picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Lots of businesses finance loans so as to cover items like stock, payroll, accounts payable, etc. Remember that occasionally this can suggest that revenue margins are too small. Lots of organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that should be fulfilled or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in brand-new consumers? Many times, businesses have repeat customers, which create the core of their everyday earnings. Particular aspects such as new competitors growing up around the location, road building and construction, and also personnel turnover can affect repeat clients and adversely influence future revenues. One crucial point to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business often, the higher the possibility to develop a returning consumer base. A final thought is the general area demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? How might the neighborhood mean home income effect future income potential?