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New Listing Announcement - Commercial Custom Medical Casework Manufacturer

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ENLIGN Transaction Team | 11/24/2023

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Thanks for joining me for another edition of ENLIGN's featured businesses for sale.

In this edition, we are presenting a Commercial Custom Medical Casework Manufacturer, located in Wake County, North Carolina, one of the most desirable markets in America for businesses and raising a family.

Our internal listing ID for this premium business acquisition opportunity is CASEWORK 2.

This business is well positioned for continued growth with its 30 years of providing custom millwork services.

The business has 35 skilled employees and operates from a 21,500 square foot steel on slab facility which is available for lease.

The seller has secured additional space anticipated to be available in 2025.

The owner, who focuses on Medical, office, restaurant and retail projects is selling to pursue real-estate interests.

Next, let's summarize the key performance indicators.

In the trailing twelve months through August of 2023, the business generated $1,308,698 of Earnings before Interest, Taxes, Depreciation, and Amortization on $9,396,964 of gross revenue, representing a 14% net margin, two and a half times the industry average according to Vertical IQ.

The business averages 7.5 to 10 million dollars in booked work outstanding.

The asking price is 5.5 million dollars, which imputes a 4.25x multiple and includes approximately $1,117,000 of furniture, fixtures, and equipment.

The inventory at cost is approximately 1.17 million.

The land and building are available to lease for The seller is willing to remain in a sales and client engagement role at a fair market rate.

The sellers proposed transaction structure would be an asset sale on a debt free cash free basis, with

a purchase price of 4.25 times Earnings before Interest, Taxes, Depreciation and Amortization, derived from the trailing twelve-month period plus the actual value of on-hand inventory and will include $250,000 of working capital. The commercial property is available for lease.

Now, let's feature a quote from one of the most successful businessmen of our time.

It's far better to buy a wonderful company at a fair price, than a fair company, at a wonderful price.

Thank you for joining me for ENLIGN's executive summary for this Custom Commercial Medical Casework Manufacturer.

For more details visit our website.

To receive confidential listing information, click the NDA button at the top right of the listing details page.

We look forward to working with you on this exciting business acquisition opportunity.