Commercial Millwork & Fabrication of Cabinetry with $7 million in Backlog

Operating out of a 14,000 sq, ft. fabricating facility in Salt Lake City, which they recently moved to keep up with the year-over-year growth. In fact, they are experiencing high backlog– it is over $7M, with $2M of that in Hawaii. Known for high quality, specialized manufacturing of cabinetry and related goods, there is a tenured team of 26, including 5 in Administration, 11 in the Shop, and 6 in the Field. They have an expert leadership team running the day-to-day operations, made up of a General Manager, Shop Foreman, Production Manager, and a Project Manager. Over the last 3 decades, this fabrication & millwork operation has served a repeat base of commercial clients; ranging across schools/universities, hospitals, churches, detention centers and office buildings. They have a focused service area in the Southwest US. The owner is removed from the daily roles, he is more of the “Big Vision” and general oversight of his key people. After 30 years, he is retiring, but is committed to a 2–3-year transition to ensure ongoing success of the business. He is also willing to finance 10- 15% of the purchase price. There is over $3 million in assets with the purchase, which includes CNC routers, horizontal boring machine, gliding saw, table & chip saw, timesaver sander, software, 1 pick-up, 2 trailers, 2 vans, 2 box trucks and all of the additional equipment and tools needed to operate the business. There are no affiliations or special certifications associated with this business, meaning they are not MBE, WBE, veteran owned, union, etc. Priced at $3,875,000, this business comes with a proven history, a tenured staff, and reliable client base, allowing for a buyer to step in and continue operating and growing successfully from day one. A 12.5% down payment of $484,375 returns $494,767 in the first year after debt payments!