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Millwork Business In Ottawa Region - Retiring Owner - Ref #5577

$450,000.00 (Cdn)

Millwork Business In Ottawa Region - Retiring Owner - Ref #5577
 
Business Location: Eastern Ontario
Postal Code: K0A
Relocatable: No
 
Business Categories:
Construction & Renovations
Building Materials & Hardware
 

  BUSINESS  FEATURES  

Business Overview
*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


FINANCIAL INFORMATION

*Human Resources

*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.


MARKET & COMPETITION

*USP of the Business

*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.


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