Business Overview
- Established Heritage: Founded over 70 years ago with a rich history in fine woodworking.
- Facility: Operates at a manufacturing facility with a significant area of 30,000 sq. ft.
- Market Focus: Specializes in custom solid wood doors, frames, glass, and finishing services.
Financial Highlights
- Financial Performance: Steady revenue with a forecast of $900k – $1.5 million over the next two years, maintaining a gross margin of 40-50%.
- Asset Valuation: Equipment and furniture have an estimated liquidation value of $700k-$800k.
- Working Capital: With existing infrastructure, staffing, taxes and COGS requires $75k per month
Human Resources
- Workforce: business has streamlined operations overtime and currently has 6 full-time employees.
- Management: Non-frontline ownership with an experienced team handling sales and operations.
Client Portfolio
- Client Base: Diverse mix of individual sales, building centers, custom home builders, and designers.
- Sales Model: Primarily one-off sales with 15-20% recurring revenue from key clients.
USP of the Business
- Unique Offering: Exceptional craftsmanship in custom woodwork with a legacy of quality and customer satisfaction.
- No Direct Competition: Limited direct competitors in the niche of high-quality custom wood doors.
Financing Options and Seller’s Reason to Sell
- Seller Financing: Open to discussion on seller financing options to facilitate the sale.
- Transition Plans: Owner retiring and looking to downsize, with a timeline of 3 to 6 months for sale completion.
