Acquisition Opportunity:
Profitable Manufacturer of Custom Architectural Millwork
Offered at $975,000
Offering a very profitable niche manufacturer located in Southeastern Massachusetts. The Company provides custom architectural millwork to:
- High end new and restoration projects,
- Commercial and industrial construction,
- Boat builders and marinas, and
- Materials for local lumberyards.
The owners have developed an efficient model with processes, molds, and employees in place providing for a turn key operation. Owners are retiring but are staying in the area and will be available to ease the transition to new ownership.
Opportunities exist to further drive sales as current ownership has been running business as a lifestyle business and have not developed a website or pursued any significant marketing activities.
Financially, margins are strong and revenue is rebounding from a 2009 off year. Seller's Discretionary Earnings (SDE) averages over $400K for the past 3 years.