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Fabrication & Manufacturing of Millwork with Passive Owner

100% B2B with $6M in Backlog!

CASH FLOW
$1,265,449

Specifications

  • Price
    $5,450,000

  • Revenue
    $8,445,032

  • Cash Flow
    $1,265,449

  • Location
    Salt Lake City, UT

  • Service Area
    Western U.S. Region: licensed in UT, CA, ID, NM, & HI

  • Intangible Assets
    Affiliated with all major contractors in Utah, strong recurring client base

  • Employees
    26: 5 Leadership, 4 Admin, 11 Shop, 6 Field – General Manager, Shop Foreman, Estimator, Production Manager, Project Manager, 11 Fabricators and Subcontracted Installers as needed.

  • Equipment
    $2,004,253

  • Reason for Sale
    Approaching retirement

 

Over the last 3 decades, this fabrication & millwork operation has served a repeat base of commercial clients; ranging across schools/universities, hospitals, churches, detention centers and office buildings. Operating out of a 14,000 sq, ft. fabricating facility in Salt Lake City, which they recently moved to keep up with the year-over-year growth, in fact, they are experiencing a higher-than-normal backlog of over $6M! Known for high quality, specialized manufacturing of cabinetry and related goods, there is a tenured team of 27, including 5 in Leadership, 7 in Administration, 9 in the Shop, and 6 in the Field. They have an expert leadership team running the day-to-day operations, made up of a General Manager, Shop Foreman, Production Manager, and a Project Manager. The owner is removed from the daily roles, he is more of the “Big Vision” and general oversight of his key people which includes the President, whom he has mentored to operate the company. After 30 years, he is retiring, but is committed to a 2–3-year transition to ensure ongoing success of the business. He is also willing to finance 10-15% of the purchase price. There is over $3 million in assets with the purchase, which includes $1,300,000 in Working Capital, plus $170,000 in new buildout, and nearly $600,000 in equipment, vehicles and tools needed to operate the business. They have a focused service area in the Southwest US. There are no affiliations or special certifications associated with this business, meaning they are not MBE, WBE, veteran owned, union, etc. Priced at $5,450,000, this business comes with a proven history, a tenured staff, and reliable client base, allowing for a buyer to step in and continue operating and growing successfully from day one. Growth opportunities include continuing to follow GCs to high net-worth areas like Hawaii. This business has no affiliations or special designation such as MBE, WBE, Veteran owned or Union.

 

 

Purchase Price:

$5,450,000

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Bank Loan Needed: $

Years
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Funding Details

Business:

Offer Price: $

% Buyer Cash Down at Closing: $

% Seller Carry Back via Promissory Note: $

year term at a rate of %

% of Purchase Price secured by Buyer and Seller

Total Bank Loan Need: $

% of Purchase Price

Desired Loan Type:

Desired Bank Terms: year term at a rate of %

Total Business Assets, Inventory, and A/R: $

Total Undercollateralized Loan: $

Loan Payments

Monthly Payment to Bank: $
Yearly Payment to Bank: $
Monthly Payment to Seller: $
Yearly Payment to Seller: $
Total Monthly Debt Service: $
Total Yearly Debt Service: $

Conclusions

Fixed Charge Coverage Ratio

The bank will require a minimum ratio of 1.5 to be lendable.

Cash Flow:
2023 Cash Flow 		$
Annual Debt Service: $
RATIO:

Buyer's Net Operating Income (NOI)

The amount of money the Buyer will retain as profit.

Cash Flow:
2023 Cash Flow 		$
Annual Debt Service: -$
NOI:

Buyer's Return on Investment (ROI)

The rate of return on the Buyer's down payment.

Down Payment: $
NOI:
ROI: %

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210 N 78th St. 2nd Floor
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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.