Millwork Shop
Location Florida,United States
Asking Price Range $250K - $500K
Gross Revenues $542457
Net Profit / Cash Flow $223290
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Description The owner of this millwork business has created a niche by selling stair parts and millwork. Most parts are purchased and sold directly to general contractors, stair builders and homeowners. The business has a complete woodworking shop and also manufactures 10% to 15% of total sales. Parts are manufactured in custom situations or when the owner can manfacture the part much cheaper than he can buy it. If you are a woodworker you will be impressed with the shop. Plenty of room (4800 sq. ft.) storage of inventory and raw materials and all eq necessary to produce any type of wood product. Price includes fully stocked inventory of stair parts. The owner started this business on a part time basis 10 years ago and built it slowly with little or no advertising. He has developed a group of suppliers who can be relied on for very good prices and prompt delivery of products. His customers are some of the oldest and most stable homebuilders and stairbuilders in the area. These customers know that this business owner will treat them fairly and provide products on time. The new owner will need to negotiate a new lease or move the business. The owner believes that the landlord will execute a favorable new lease. During 2007 the owner did $550,000+ in sales by himself with a small amount of office help. Business has slowed since the last quarter of 2007 but is still running at a pace of approximately $30,000 per month. A new owner could work the current sales levels and wait for business to pick up or increase sales in a number of ways: 1) Go out and solicit new customers 2) Begin some advertising 3) Add new millwork products 4) Develop other custom products in the shop. This business would also be a good fit to other woodworking businesses looking to expand their volume. The owner wants to retire and has priced the business for a quick sale. Contact for more information on this Millwork Shop for sale.
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