Business Summary:
Operating out of a 14,000 sq, ft. fabricating facility in SaltLake City, which they recently moved to keep up with theyear-over-year growth, in fact, they are experiencing ahigher-than-normal backlog of over $6M! Over the last 3decades, this fabrication & millwork operation has served arepeat base of commercial clients; ranging acrossschools/universities, hospitals, churches, detention centersand office buildings. Known for high quality, specializedmanufacturing of cabinetry and related goods, there is atenured team of 26, including 5 in Administration, 11 in theShop, and 6 in the Field. They have an expert leadershipteam running the day-to-day operations, made up of aGeneral Manager, Shop Foreman, Production Manager, anda Project Manager. The owner is removed from the dailyroles, he is more of the Big Vision and general oversight ofhis key people. After 30 years, he is retiring, but iscommitted to a 23-year transition to ensure ongoingsuccess of the business. He is also willing to finance 10-15% of the purchase price. There is over $3 million in assetswith the purchase, which includes CNC routers, horizontalboring machine, gliding saw, table & chip saw, timesaversander, software, 1 pick-up, 2 trailers, 2 vans, 2 box trucksand all of the additional equipment and tools needed tooperate the business. They have a focused service area inthe Southwest US. There are no affiliations or specialcertifications associated with this business, meaning theyare not MBE, WBE, veteran owned, union, etc.Priced at $3,825,000, this business comes with a provenhistory, a tenured staff, and reliable client base, allowing fora buyer to step in and continue operating and growingsuccessfully from day one. A 12.5% down payment of$478,125 returns $518,391 in the first year after debtpayments!
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