Location: Northwest Michigan
Industry: Building Materials
Listing ID: CK120619TM
Status: Under Contract
The company is both a manufacturer of original custom products and source for non-plant produced products. These products are used in building projects both residential and commercial. A diverse group of revenue channels provides this company with significant contributions to their bottom line. This company is a leader, as one of the most technologically advanced in its business segment. In addition, the company also offers generally produced non-custom building products.
The founders/owners have built a company well known for on-time and high-quality products company with advanced operations and a quality team. The company continues to profit from an outstanding reputation in their industry, both in their regional market of Northwestern Michigan and well beyond. The company has been a supplier of products across the US and internationally, though a majority of their business is focused on Northwestern Michigan.
The residential market represents the company’s largest contributing share of revenue; on the other hand, the commercial arena makes a significant contribution to the bottom-line. What should be emphasized are the company’s core skillsets, the well-developed ability to create customized products per customer requests. It is this skill that drives customers to their door from far beyond the Northwestern Michigan area.
Their client base includes both high-end residential and commercial construction companies. The company’s stable of contractor customers are very optimistic about the future growth in their luxury sectors and see a very positive future for their businesses. For more than 30 years the company has enjoyed consistent revenue, even during slow economic periods. The company’s wealthy clients continue to build their luxury homes no matter the economic environment as they do not rely on mortgages. Further, most clients at the high level make their commitments for projects well into future years.
In addition, the company’s headquarters housing their manufacturing operations and a majority of their warehousing functions are supported by strategically located showrooms.
There are numerous identified opportunities that offer significant growth potential for the next owner of this business.
Total Sales: $8,378,217
Cash Flow: $1,114,757
FFE: $1,283,661 (Included in Price)
Real Estate: $960,000
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.