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Well-reputed Carpentry Business With Vast Services! (37833) For Sale

Northeast OH., Ohio, US
Asking Price:
$2,800,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$7,750,000 (USD)
Cash Flow:
$344,000 (USD)

Situated in Northeast Ohio, business is a specialty contractor skilled in carpentry services for commercial applications, from rough woodwork and interior finishing to light gauge metal truss systems and framing jobs. Offering a one year warranty on labor, this bonded and insured company also provides installation, renovations, replacement and remodeling projects for doors or windows, laminated beams of timber/glue, and millwork. Successfully rebounding from 2020’s recession with grosses over $10 Million in 2021, Pro Forma Revenues for 2022 reaches values of $7,750,000 along with Discretionary Earnings up to $344,442 and EBITDA’s of $158,868. Facility is a 3,000 square foot building that features around 2,140-sq.ft. of warehousing/production area and 860-sq.ft. of office space; property holds a renewable lease of $2,250 monthly and is found in prime condition. Commercially zoned to handle additional capacity for strategic expansions, building includes benefit room, which can be used to increase staff, plus hire an estimating and project manager to help minimize cost of sales. While listing includes Accrued Payables of $228,605, they carry an extensive amount of experience and is signatory with the C.U.L. Union, winning numerous craftsmanship awards for quality carpentry and hardware. A loyal collection of top fourteen clients make up to 92% of the company’s annual income, many with long-time relation and partnerships, permitting a level of business security, reputation and command over the industry. Reliable personnel of 35 unionized employees are most likely to remain post-sale and continue with daily operations after a smooth transitioning of eight months, as owner keeps manager roles throughout acclimation. Apart from maintaining a website, opportunities exist in maximizing company outreach via online engagement, as current marketing efforts rely on backed verbal referrals from their large and recurring customer base. Based on an independent evaluation!

Property Information

Real Estate:

Lease

Lease Terms:

Holds a renewable tenancy of $2,250 monthly.

Size in square feet:
3,000+/-

Business Operation

Reasons for selling:

Approaching retirement and/or pursuing other interests.

Trading hours:

Monday to Friday 7AM - 4PM.

Employees:
35 unuonized.
Years established:
1987

Other Information

Support & training:

Smooth acclimation of 8 months, keeping manager roles throughout.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Negotiable up to 20% for the right buyer.

Furniture / Fixtures value:
$175,000 (USD) - included in the asking price

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