Description

Our client is a growing 30-person niche construction services company providing high quality cabinetry and millwork installation to the building community. Its proven methods, systems and processes are designed to simplify life for cabinet shops, general contractors and other trades involved in building projects. Established 15 years ago to provide installation services on time and within budget, this company enjoys a top reputation and symbiotic working relationships with high-end cabinet shops and home builders in Northern California.

Acquisition Highlights:
• Approximately $3 million work backlog (as of this writing)
• Positive revenue and profit trend
• History of strong EBITDA profit margins
• No inventory; low capital spending requirements
• Many ongoing client relationships
• Assembled team of seasoned craftsman
• Company size, and flexible independent contractor relationships, give the ability to handle large projects with aggressive schedules
• Independent contractor relationships allow rapid scaling
• Company culture of excellence and customer satisfaction
• Office can be relocated
• Monday through Friday operations
• Good systems and documentation; sensible financial records

Financial Summary (2015)
Sales: $4.05 million
Discretionary Earnings*: $607,000
EBITDA: $442,000
Sales and earnings are up in 2016.

Price: $2,100,000 (with working capital (AR-AP) of $890k)
(~$1.21M price without working capital)
Included in $1.21M Price: All equipment, intangible assets and goodwill, and covenant not to compete by seller.
NOT Included: Cash, AR, other current assets, liabilities.

Posted Jul 18, 2016

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Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.