Client Login
User Name:
Password:
Login   Register
Password Reminder
spacer


ENLIGN Business Brokers
2009 Caminos Street, Raleigh, NC 27607
(919) 341-1100

2003-2011 © ENLIGN
All rights reserved.

QuickBooks Certified ProAdvisor

Custom Design, Millworks, and Installation
(Construction Related; Construction Related, Carpet/Floor Coverings; Construction Related, Construction-Specialty Trades; Construction Related, Garage Door Sales/Service; Construction Related, Other Special Trades)

Central - North Carolina, Wake

Seller Financing: Yes
Lender Pre-Qualified: Yes
Listing ID: MILLWORK1
Status:

Listing Details

Listed Price:
Down Payment:
Total Sales: $1,103,500
SDE: $220,125
EBIT:
EBITDA:
FFE: $40,000 Included? Yes
Real Estate: Included? No
Inventory: $100,000 Included? Yes
A/R: $560,000 Included? No
Default Image
Contact Information
Jeff Snell, ABI, CBI
ENLIGN Business Brokers
2009 Caminos Street
Raleigh 27607
Office: 919-341-1100
Cell: 919-624-1124
Fax:
Email: jsnell@enlign.com
www.enlign.com
Send Email To Agent
Reason for Sale: Owner is moving out of state to complete MBA.
Training: Seller will provide reasonable post transaction support and transition assistance at no cost. Seller is available for extended transition/training and support with appropriate compensation and remote assistance long-term.
Financing Terms: Seller will participate in financing as required by SBA lender up to 50% based upon overall offer terms, conditions and buyer qualifications.

Operations

Year Established: 2007
Form of Ownership:
Home Based: No
Relocatable: Yes
Type of Location: Commercial
Absentee Owner: No
Online:
Employees: Full Time: 1 / Part Time:
Managers: 1
Hours: 8-6 M-f
Owner Hours: 50
Non-Owner Payroll: $0
Franchise Info: not a franchise

Location

Lease Expire:
Option:
Lease Terms:
Lease Security:
Monthly Rent:
Square Footage: 3300
Facilities: Location information represents a separate showroom and warehouse facility.

The showroom is in a city center and the warehouse is located within approximately 10 minutes.

The showroom lease renews 1-31-2012 and the warehouse is month to month.

Summary

Business Description: This company continues its impressive growth while maintaining a near zero overhead cost structure. The company is owner operated being the only W2 employee. All other labor is contracted or outsourced paid based on performance or hourly are 2 office personnel, 2 sales personnel and 10-20 installers as needed. Two of the installers are extremely capable as master woodworkers and crew leaders as well.
Historical Summary: The company was started in 2007 with full operations coming online in 2008. The owner, while traveling abroad realized that exceptional woodworking including handmade, hand carved design elements could be produced at extremely competitive costs. The vast majority of the work produced is solid mahogany.

The owner leveraged these relationships and wrapped his design, marketing and sales experience to build this extremely successful firm.

Strong upfront payments 50-100 percent.
Owner Qualifications: Owner will need to possess or retain customer relationship management and sales skills. General project management, purchasing and accounting familiarity as well as design and costing ability. These skills are currently represented across several contractors/partners and owner is available (for additional consideration) for extended transition/training and support.
Competition: Since the 'great recession' the few competitors in this space have been thinned and those still operating have limited the scope and size of projects they are willing to take on.

This firm has built a strong reputation with architects, engineers and designers as being able to deliver the highest quality 100% custom one-off projects on-time and on-budget. This is demonstrated by the firms ability to collect 50% to 100% payment at the time of order on all projects.

This firm is well differentiated and its growing reputation is helping to fuel continued growth.
Potential Growth: Assets are in place to easily double production with the addition of a manager. Currently the company has a $1,000,000 proposal pending that is expected to be accepted for completion over the next 12 months. There are $300,000 contracts signed representing $200,000 in net profit and an additional $260,000 in deposits in October representing $120,000 in net profit that are IN ADDITION to the gross sales and SDCF listed above.

Complementary solid wood (many with custom leather inlays) furniture has been designed and is going into production. See photos for the first two projects. All design and development costs for these lines have already been paid.

A significant investment (exceeding $50,000 as recast on the trailing 12 month profit and loss statement) has been made into a new fully integrated e-commerce website that will feature the firms custom mill work capabilities, new furniture lines, and accessory items.
Risk factors: