Location: Northwest Michigan
Industry: Building Materials
Listing ID: CK120619MT
Status: Under Contract
This thriving company offers the best of both worlds by providing both custom product manufacturing and sourcing of non-plant produced products to meet the needs of both residential and commercial building projects. Its diverse revenue streams contribute significantly to its bottom line, making it a leader in its business segment. With advanced technology and operations, the company delivers high-quality products that meet or exceed customer expectations.
The company has experienced consecutive record years for the past 5 years in both revenue and most importantly profitability, with the current year profits up 14.1% in the first 4 months of 2023. In 2022, the company had an EBITDA of $1.4 million on $11 million of revenue.
The founders/owners have established a strong reputation for producing high-quality products, and the company’s advanced operations and quality team ensure that every project is delivered on time and to the highest standards. Their expertise in creating customized products per customer requests sets them apart from their competitors, and this skill has driven customers to their door from all over the country.
The company is considered one of the most technologically advanced businesses in its segment and is at the forefront of technology. With a well-established client base that includes both high-end residential and commercial construction companies, the company enjoys a loyal following and a solid reputation in Northwest Michigan and beyond.
Even during the COVID-19 pandemic, this business managed to grow sales significantly, a testament to their resilience and adaptability. As people have moved out of larger cities since the beginning of the pandemic, the company has continued to profit from a surge in the high-end residential market in Northwest Michigan, drawing clients from all over the country.
The company’s client base includes both high-end residential and commercial construction companies. The company’s stable of contractor customers is very optimistic about the future growth in their luxury sectors and sees a very positive future for their businesses. For more than 45 years, the company has enjoyed consistent revenue, even during slow economic periods. Further, most clients at the high level make their commitments for projects well into future years.
In addition, the company’s headquarters, which house their manufacturing operations and a majority of their warehousing functions, are supported by strategically located showrooms.
In summary, this company is a rare gem, offering a unique blend of custom manufacturing and sourcing of non-plant produced products that cater to the needs of both residential and commercial building projects. With a reputation for delivering high-quality products and a proven track record of consecutive record years, this business is poised for further growth and expansion.
The company’s exceptional team, advanced operations, and focus on customer satisfaction make it a leader in its industry. The identified growth opportunities, coupled with the company’s reputation and solid financial performance, make this an exceptional opportunity for the next owner to take this business to new heights. Don’t miss out on this chance to acquire a thriving business with a long-standing reputation for excellence.
Total Sales: $10,991,655
Cash Flow: $1,478,109
Accounts Receivable: $924,381
FFE: $1,331,575 (Included in Price)
Real Estate: $895,000
Reason For Sale:
Owners looking to retire.
Training & Support:
Owner/Operators are willing to stay on for an extended period of time to allow the new owners time to transition into this business, though there is competent management in place.
Days & Hours of Operation: Monday – Friday, Normal Business Hours
Lease Option: Yes
Monthly Rent: 6667
Type of Location: Light Industrial Complex
Square Footage: 13000
The company operates out of a 27,000 square foot facility that houses its 14,376 square feet of manufacturing and 12,800 square feet of warehousing. The company also rents showrooms across Northwest Michigan that also include some warehouse and office space.
The owned facility is available for purchase or lease.
The ideal new owner is someone that has experience in the construction industry and its related products. The company has seasoned and competent management, so the background of a new owner is not essential for the continued success of the company.
There are numerous growth strategies that have been identified, both in expanding markets and by utilizing the competitive advantages of their production capabilities. These are all documented in the Confidential Information Memorandum.
Seller is open to some seller financing to help the buyer secure SBA loan.