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Manufacturing and Fabrication of Millwork – 100% B2B with $6M in Backlog

Newly upgraded facility with strong leadership in place!

CASH FLOW
$1,061,649

Specifications

  • Price
    $3,825,000

  • Revenue
    $8,342,941

  • Cash Flow
    $1,061,649

  • Location
    Salt Lake City, UT

  • Service Area
    Western U.S. Region: licensed in UT, CA, ID, NM, & HI

  • Intangible Assets
    Affiliated with all major contractors in Utah, strong recurring client base

  • Employees
    26: 5 Leadership, 4 Admin, 11 Shop, 6 Field – General Manager, Shop Foreman, Estimator, Production Manager, Project Manager, 11 Fabricators and Subcontracted Installers as needed.

  • Equipment
    $3,529,928

  • Reason for Sale
    Approaching retirement

 

 

Operating out of a 14,000 sq, ft. fabricating facility in Salt Lake City, which they recently moved to keep up with the year-over-year growth, in fact, they are experiencing a higher-than-normal backlog of over $6M! Over the last 3 decades, this fabrication & millwork operation has served a repeat base of commercial clients; ranging across schools/universities, hospitals, churches, detention centers and office buildings. Known for high quality, specialized manufacturing of cabinetry and related goods, there is a tenured team of 26, including 5 in Administration, 11 in the Shop, and 6 in the Field. They have an expert leadership team running the day-to-day operations, made up of a General Manager, Shop Foreman, Production Manager, and a Project Manager. The owner is removed from the daily roles, he is more of the “Big Vision” and general oversight of his key people. After 30 years, he is retiring, but is committed to a 2–3-year transition to ensure ongoing success of the business. He is also willing to finance 10- 15% of the purchase price. There is over $3 million in assets with the purchase, which includes CNC routers, horizontal boring machine, gliding saw, table & chip saw, timesaver sander, software, 1 pick-up, 2 trailers, 2 vans, 2 box trucks and all of the additional equipment and tools needed to operate the business. They have a focused service area in the Southwest US. There are no affiliations or special certifications associated with this business, meaning they are not MBE, WBE, veteran owned, union, etc.

Priced at $3,825,000, this business comes with a proven history, a tenured staff, and reliable client base, allowing for a buyer to step in and continue operating and growing successfully from day one. A 12.5% down payment of $478,125 returns $518,603 in the first year after debt payments!

 

Clients

  • Schools
  • Hospitals
  • Banks
  • Office Buildings
  • Universities
  • Government Buildings
  • Churches

Specific information regarding clients is available upon the receipt of a signed Non-Disclosure Agreement.

 

Services

  • Fabrication, manufacturing, and installation of custom commercial millwork & cabinetry

Growth Opportunities

  • Increase market share
  • Expand facility and labor force to be able to take on more work

Purchase Price:

$3,825,000

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Bank Loan Needed: $

Years
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Funding Details

Business:

Offer Price: $

% Buyer Cash Down at Closing: $

% Seller Carry Back via Promissory Note: $

year term at a rate of %

% of Purchase Price secured by Buyer and Seller

Total Bank Loan Need: $

% of Purchase Price

Desired Loan Type:

Desired Bank Terms: year term at a rate of %

Total Business Assets, Inventory, and A/R: $

Total Undercollateralized Loan: $

Loan Payments

Monthly Payment to Bank: $
Yearly Payment to Bank: $
Monthly Payment to Seller: $
Yearly Payment to Seller: $
Total Monthly Debt Service: $
Total Yearly Debt Service: $

Conclusions

Fixed Charge Coverage Ratio

The bank will require a minimum ratio of 1.5 to be lendable.

Cash Flow:
2022 Cash Flow 		$
Annual Debt Service: $
RATIO:

Buyer's Net Operating Income (NOI)

The amount of money the Buyer will retain as profit.

Cash Flow:
2022 Cash Flow 		$
Annual Debt Service: -$
NOI:

Buyer's Return on Investment (ROI)

The rate of return on the Buyer's down payment.

Down Payment: $
NOI:
ROI: %

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

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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.