Turn-Key Millworks Business

$299,000

Business description

This business is an architectural millwork company that caters to the commercial market in Northern New England. They provide millwork and cabinetry to general contractors primarily, for such products as medical, institutional, educational and retail facilities. They can turn around quickly to produce small to medium sized projects, but can also work on larger projects as well. The pool of such companies in the market area is not large. This company started in 1992 and has been servicing Northern New England ever since. This is an opportunity to purchase a growing, turn-key business.
Scott Balfour Listing Agent

Scott Balfour

office: (207) 774-7715

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  • Asking price $299,000
  • Cash flow $83,900
  • Gross Revenue $1,379,800
  • EBITDA N/A
  • FF&E $143,000 (included in asking price)
  • Inventory $34,000 (included in asking price)
  • Real Estate $950,000 (owned, not included in asking price)
  • Established 1992
  • Building SF 15,000
  • Employees 15 FT
  • Facilities Space includes several offices, a break room, conference room, bathrooms, a reception area, a production area and an assembly area.
  • Competition This business has been providing services for over 25 years and are known for their high quality of work and great customer service.
  • Growth & Expansion CNC Production processes could be introduced to modernize fabrication
  • Support & Training Current owners will make sure the new owners are comfortable during transition period.
  • Reason for Selling Retirement