Large Millwork Manufacturing And Installation Business Western Canada For Sale

Business description

Founded in 1983. And grew steadily over 28 years. Moved in the 90’s to a modern & roomy facility (18,000 sf), with the fullest range of manufacturing and finishing equipment and machinery in the region.

Design – Manufacture – Install: This commercial millwork business has built a prime customer list that includes hotels, restaurants, government offices, Department of Defence, universities, national chain stores, banks, schools and more. The business has won a reputation for on-time and professional installations of custom-built wall panels, trim, doors and cabinetry.

Owner Retiring: The business has experienced managers, and the owner can be available to assist with training and transition. Senior and qualified production and installation staff are employed (including 10 ticketed joiners). Good people in estimating, production and installation confer a considerable advantage for such a business, in a tight labour market.

Terms: Asset purchase or share purchase possible. The Business comes with:
• a complete range of machinery and equipment (includes 2 fully automated CNC processing machines, 1 fully automated saw, automated sander for lacquer finishes). Fair Market value, including tooling, $1,500,000 approx;
• Inventory & work in progress (about $500,000);
• Available tax loss carry forward $290,000 (2011)
• Working capital negotiable.

Real Estate Available: Business premises can be acquired, or premises will be leased on long-term basis, on terms to be negotiated.

Property information

Real Estate:

Real Property Included

Location:

Near major highways. Located in a modern light industrial development near major urban centre.

Premises details:

Open modern manufacturing facility, 15,000 sf including mezzanine and adjacent offices. Street-level loading.

Business Operation

Expansion potential:

Business enjoys excess capacity. Sales and marketing can be ADDED in neighboring provinces on a price-competitive basis.

Competition / Market:

Overall industry volumes have declined and margins are tighter. Excellent opportunity for new management to increase profitability on strong base.

Reasons for selling:

Retirement.

Trading hours:

Single shift, normal working hours.

Employees:

25+

Years established:

28

Other information

Support & training:

Will be supplied - seller will remain in area.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Bank and owner financing will be a necessary part of any transaction. Contingent payments will be considered to offset earnings risk, for an otherwise qualified buyer.

Furniture / Fixtures value:

$1,500,000 (included in the asking price)

Inventory / Stock value:

$500,000 (included in the asking price)