Profile: Millwork Contractor – Mfg. Cabinets, Counters, Etc.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Shari Bayne, Broker
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| Primary Phone: |
858-391-3388 |
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| Alternate Phone: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
11/25/08 |
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| Date Last Revised: |
11/25/08 |
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| BizBen Ad #: |
126266 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$1,650,000 |
| Down Payment: |
$1,650,000 |
| Annual Revenue: |
$1,429,952 |
| Annual Adjusted Net: |
$266,118 |
| Price Range: |
$1 Million to $2 Million |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
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Description:
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Summary
This Company Is A Profitable, Well-Managed Market Leader In The Manufacturing Of High Production Plastic Laminate Cabinets, Countertops And Fixtures. It Also Manufactures Wood Cabinets And Other Decorative Wood Millwork Items And Has Been In Business For Over 20 Years. Approximately 97% Of The Business Is Done For The Commercial Industry (I.E., Subcontractor Work For General Contractors) And The Remaining 3% Might Be Done For A High-End Residential Customer. The Business Is Renowned For Its Custom Work In The Areas Of Office Tenant Improvements, Medical And Dental Labs, Schools And Even Many Government Buildings. Contractors Are Aware That The Company Has The Capacity To Complete Large Jobs On Very Short Notice. This Has Resulted In The Company Being Called Upon In Emergency Situations.
Marketing
The Business Currently Operates Without Any Sales Or Marketing Of Any Type, Other Than A Yellow Page Ad And An Entry Into The “Construction Blue Book”. For This, It Does Not Pay, But Is Automatically Included Based Upon Its 20-Year Reputation In The Industry. The Company Receives All Of Its Business Through Word-Of-Mouth, Referrals And Repeat Customers. However, A New Owner Could Possibly Grow The Revenues More By Hiring A Sales Staff And By Expanding Into The Custom Residential Market.
Company Strengths
Unique And Versatile Products…from Office Cabinetry To Kiosk Cabinets; Reputation For High Quality Products Delivered In A Timely Manner; Experienced, Long-Term Employees Dedicated To The Company; High Percentage Of Repeat Customers Over 20 Years; Equipment Worth Approximately 1M (Owned, Not Leased). New Owner Could Implement An Aggressive Marketing Program; Enhance Web Site Capabilities And Presence; Expand Production Hours To Better Utilize Facility; Hire A Sales Force And Move Into The Residential Market.
Hours & Staffing
Opening Hours Are Monday Thru Friday, 7:00 AM To 3:00 PM And There Are 16 Full-Time Employees.
Area & Facilities
The Company Uses Two Separate Buildings On The Same Lot. One Building Is Approximately 10,500 Square Feet And Houses The Majority Of The Equipment Where The Products Are Made. The Second Building Is Approximately 3,000 Square Feet And This Is Where All The Finish Work Is Done. This Space Is Also Sometimes Used For Storage. The Total Rent For Both Buildings Is 6,100 And There Are No Additional Nnn Or Cam Charges.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Shari Bayne, Broker at 858-391-3388 Non Disclosure Agreement |
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