Award Winning Millwork Business In Lower Mainland For Sale

Business description

In business for over 25 years this award winning millwork company utilizes the latest computerized manufacturing techniques and employs highly skilled craftsmen. The company has developed an excellent working relationship with many suppliers and has successfully completed projects throughout Canada and the United States. The company has just finished the financial year (Feb 2011) with its best year on record.

Property information

Real Estate:

Lease

Lease terms:

The current lease rate of $7.40/sq.ft expires in July 2015.

Premises details:

The business moved into it’s current location of 11,540 sq.ft in July 2000. Since then, they have built an additional 4,729 sq.ft of mezzanine space. The total floor space includes approximately 2,000 sq.ft of office space. The property has one grade door loading bay and 14 parking spaces.

Business Operation

Expansion potential:

The company has recently signed an operating agreement with a millwork company in Ontario. This will allow the business to operate more competitively on a national scale as well as providing it with greater exposure. One major project has already been completed in Toronto and a second one is beginning with several more in the pipeline.

Employees:

20

Years established:

25

Other information

Support & training:

The business has 4 partners. All partners will offer full assistance during transition period and would consider remaining in management positions for an extended period of time or on a contract basis.

Financing available:

Vendors will consider financing.

Furniture / Fixtures value:

$500,000 (included in the asking price)

Relocatable:

This business can be relocated.