Millwork Business for Sale in Ottawa region: Retiring Owner

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.