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This Business has been Sold!
Closing Date: 09/14/2023
Business for Sale Summary

High End Metal, Woodworking, Cabinetry Fabricator - 35264

Business Type: construction building,construction special trades,electronics & technology,engineering & accounting services,interior decorator/design,misc. construction/non-classifiable,misc. service/non-classifiable,non-classifiable establishments,other business services,owner financing available,mfg businesses
Sold
High End Metal, Woodworking, Cabinetry Fabricator
On September 14th 2023, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: All of NY
All of NJ
All of CT
All of MA
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $2,100,000 Down Payment $1,050,000
Gross Revenues $4,852,686 Lease Remaining Register Free to View
Owner’s Cash Flow $832,535 Number of FT Employees Register Free to View

Financing

$1,050,000 Down and $1,050,000 over 7 yrs. @ 6.5%

Business Description

High-End Metal and Woodworking Fabricator This manufacturing business has been family owned and operated for over 40 years. They specialize in all phases of custom fabrication and installation for major department stores nationwide, office space interiors, restaurants, local retailers, kitchens and cabinets. The business has seen steady growth since 2020, with gross sales of $4.8 mil in the most recent year and growing. In fact, they have been forced to turn away work recently due to the heavy demand. The owner’s cash flow was over $832K for the most recent fiscal year. These are verifiable financials. In fact, the books are so good that the business has been SBA pre-qualified! This may be the most impressive fabrication shop I have ever seen. It is a sprawling 22,300 sf with every conceivable piece of equipment you would ever need, mostly custom built. The equipment alone is worth over $1 mil. It includes everything from a Holzher Edgebander and Holzma Beam Saw to a glass machine and a fully vented spray booth. After a very long and successful run, the owners have finally decided to retire. There is tremendous upside in this industry for a buyer with some vision and energy. For a seller financed deal, we are seeking a serious and financially qualified buyer with at least $1,050,000 in liquid funds, plus additional working capital and capital to cover closing costs. The ideal buyer would have experience in woodworking, metal, glass, and/or cabinetry and millwork. Proof of funds and a brief bio/ CV will be requested before any buyer or seller calls or meetings. All meetings must be made by appointment only! To learn more, please call, text, or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.