Millwork Business For Sale In Ottawa Region: Retiring Owner - Ref #5577

Established Heritage: Founded over 70 years ago with a rich history in fine woodworking.
Facility: Operates at a manufacturing facility with a significant area of 30,000 sq. ft.
Market Focus: Specializes in custom solid wood doors, frames, glass, and finishing services.

*Financial Highlights

Financial Performance: Steady revenue with a forecast of $900k – $1.5 million over the next two years, maintaining a gross margin of 40-50%.
Asset Valuation: Equipment and furniture have an estimated liquidation value of $700k-$800k.
Working Capital: With existing infrastructure, staffing, taxes and COGS requires $75k per month

Workforce: business has streamlined operations overtime and currently has 6 full-time employees.
Management: Non-frontline ownership with an experienced team handling sales and operations.

*Client Portfolio

Client Base: Diverse mix of individual sales, building centers, custom home builders, and designers.
Sales Model: Primarily one-off sales with 15-20% recurring revenue from key clients

Unique Offering: Exceptional craftsmanship in custom woodwork with a legacy of quality and customer satisfaction.
No Direct Competition: Limited direct competitors in the niche of high-quality custom wood doors.

*Financing Options and Seller’s Reason to Sell

Seller Financing: Open to discussion on seller financing options to facilitate the sale.
Transition Plans: Owner retiring and looking to downsize, with a timeline of 3 to 6 months for sale completion.