Overview

Manufacturing

Commercial Custom Medical Casework Manufacturing and Installation with $10MM Backlog

Price: $5,500,000

Listing ID: CASEWORK2

Annual Sales: $9,084,108

FF&E: $1,137,000

Seller Discretionary Earnings: $1,124,049

EBITDA: $1,024,049

Year Established: 1994

Days & Hours of Operation: M-F 6-5

Inventory: $1,181,284

Reason For Sale: Other Interests

Listing Status: Active

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Summary

Description:

This business is a high-quality design/build/installation casework manufacturing business focused almost exclusively on commercial clients. The business also designs/manufactures/installs ancillary products that carry high margins.

The company has a current backlog of approximately $10,000,000.

Historical Summary:

The business has been in continuous operation for approximately 30 years.

Competition:

Competition exists in various forms from big box retailers to one-man firms in a rented storage facility, but very few can provide the range of products and finishes at a large scale with consistent quality and high margins.

Wake County is regularly rated “best of” cities in a wide variety of measures so the volume of available work due to population growth is significant. The company has reached a scale large enough to compete with the largest national competitors while remaining flexible enough to compete with smaller businesses on medium jobs.

Backlog (April 2023) currently averages ~$10 million pushing into 2024 which is growing on a weekly basis. The seller expects that this backlog will be considered when the purchase price multiple is established.

Growth & Expansion:

A new owner could expand regionally. The current owner does virtually no marketing of any type. Buyers could establish a residential division selling to new home builders and remodelers. Faster and/or more automated manufacturing equipment could be installed. A second shift and/or 7-day rotating work week could be established.