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Fabrication of Doors, Cabinets, and Lockers – No Installation

98% B2B with niche focus in Health Clubs and Golf Courses!

CASH FLOW
$300,218

Specifications

  • Price
    $890,000

  • Revenue
    $1,305,501

  • Multiplier
    2.95

  • Service Area
    Nationwide

  • Reason for Sale
    Retirement

  • Equipment

 

A fabrication business that specializes in the manufacturing of cabinet, louvre and locker doors for over 40 years. They primarily operate as a business-to-business (B2B) company, with approximately 98% of their sales being made to other businesses with a niche in health clubs and golf courses. They produce raw products, but do not engage in the design process. Instead, the B2B clients submit the design, which is then brought to life through their manufacturing capabilities. This company does not install the doors, nor do they work with the end user. The established team in place consists of a a Bookkeeper and 8 Fabrication Technicians. Additionally, the seller has agreed to a 1-year transition period in order to provide a smooth transition. The assets included in the purchase price have a replacement value of $1,880,240 and the current backlog is at $203,428. This business is located in the growing community of Montrose Colorado, which is roughly 45 minutes away from Grand Junction. The spacious facility is 14,298 square foot with ample room for expansion.

Priced at $890,000, this business has established itself as a reputable player in the door manufacturing industry. The current owner is selling this business in order to plan for retirement and has offered to carry 10% of the purchase price in order to show vested interest in the continued success of the business. A 10% down payment of $89,000 returns $246,001 in the first year after debt payments! They do not engage in metalwork or plastics. Additionally, they do not provide any hardware or finishing services. Their manufacturing process solely involves working with raw materials and does not require the use of chemicals or spray finishes.

 

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210 N 78th St. 2nd Floor
Omaha, NE 68114

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f 402.939.0857

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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.