Description

First time offered for sale – after over 20 years of business seller is ready to retire. This is a high end custom Millwork shop located in 12,000sqft location. The business offers a skilled staff consisting of 12 woodworkers and 4 general laborers. Additional staff is added as needed to execute work. The owner is the primary estimator and relationship manager with key clients. All of the work is specified by architects and awarded direct to the Millwork Shop. The revenue consists of approximately 50% architectural woodwork (residential and high end commercial) and 50% installation and General Contracting work (interior renovation).

The work load is determined by the owner and at present is running at less than 50% capacity due to owner’s wishes and limited selection of work available. Owner’s current work profile consists of 2 or 3 large projects in the $800,000 to $1,100,000 range, and selects about 10-15 jobs per year in the $30-$50,000 range. Business has established relationships with 15 – 20 architects and primarily accepts negotiated work only.

Growth/Expansion Opportunity: New owner could easily expand the business by bidding additional jobs, accepting more work, hiring an estimator etc.

Requirements: Knowledge of running a millwork shop, estimating and General Contracting business (interior renovations). The owner is willing to negotiate an extended transition period of up to 1 ½ years to help new owner gain more knowledge about the business and ease the transition.
Equipment: Shop tools and equipment est. Current Value $60,000. Vehicles to convey with the business est. Current Value $ 40,000

Posted Jan 6, 2016

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