Under Contract – Custom Woodwork & Manufacturing Business
Under Contract – Custom Woodwork & Manufacturing Business
Price: $1,095,000
Location: Chatham
Industry: Manufacturing (NAICS 31-33), Wood Product Manufacturing (NAICS 321)
Listing ID: 1212
For more than 30 years, this business has set the standard for custom woodwork in the region. They are the go-to source for Savannah’s thriving historic preservation culture and most exclusive builders up and down the Southeast coast. This seller is looking for the right buyer to preserve that reputation.
With a recent equipment investment of nearly a half a million dollars, this shop’s abilities rival any in the country. The highly-skilled, well paid, loyal team of craftsmen have improved efficiency and are able to absorb more work. With a management structure in place, the operation is literally turn-key.
This business also offers wholesale picture frame stock to framers in almost every state. Their extensive collection of blades allows them to prepare almost any profile in a large variety of woods. Much of the wood comes from cutoffs from the custom shop. This line is thriving with little to no digital marketing. Great potential for growth with near-zero product cost.
The Real Estate covering three adjacent parcels is also offered for sale, securing what could easily be another thirty-plus year of success.
Gross Revenue: $2,885,085
Cash flow: $281,416
FFE Included: $800,000
FFE: 800000
Reason For Sale:
Retirement
Training & Support:
Seller Will Provide a Mutually agreeable training period up to 30 days.
Year Established: 1985
Employees: 22
Type of Location: Free Standing
Square Footage: 40,000
Facilities Information:
4 buildings totaling over 40,000 square feet of production, showroom, and office space located on two adjoining parcels; 3.3+ acres. (Real Estate sold separately)
Historical Summary:
Three distinct product lines:
• Fine Architectural Finished Products
Over thirty years of providing exceptional products to restoration and new construction professionals
• Custom Kitchen and Office Cabinetry
Beautifully finished products for the discerning homeowner and remodeling contractors
• Picture Frames
An extensive catalog with hundreds of framing profiles and finishes being shipped throughout the country
Potential Growth:
A proven concept – Buying an established business is less risky. As a buyer, you already know the process or concept works. Sure, business plans and income projections look great on paper, with an existing business, you already know the actual performance of the business. You can look at the tax returns, profit and loss statements, etc.
The company’s brand – The ongoing benefits of any marketing or networking the prior owner has done will transfer to you. Existing relationships – with the purchase of an existing business, you will buy an existing customer base and vendor base.
An immediate focus – When you buy a business, you can start working immediately and focus on improving and growing the business without delay.
Trained employees in place – One of the most valuable and important assets of an existing company is the people. With the right team in place, just about anything is possible and you will have an easier time implementing growth strategies.
Cash flow – Typically, a sale is structured so you can cover the debt service, take a reasonable salary, and have some leftover to take the business to the next level. Start-ups could take a year or more to achieve positive cash flow.
Existing licenses and permits – Licenses can be difficult to obtain, and it may be difficult to learn all the types of licenses and permits you need. Existing businesses have learned and acquired what is required. It turns into a matter of transferring those into your name.
Training by the seller – Often the seller will help you in the learning process. You benefit from their trial and error. An owner can show you the ropes of the business, introduce you to everybody and make sure it’s a smooth transition.