This high-end woodworking millshop was established in the 1980s serving elite clients throughout the Front Range and Rocky Mountains of Colorado, across the US, Europe and Mexico. The company’s primary market is high end custom home owners with discriminating taste and money to spend for having what they want. The shop also provides exclusive precision architectural woodworking for businesses, restaurants, bars, and government buildings.
The business’s professional team includes seven full time employees. They specialize in exclusive custom woodworking from the design and drawing phase until the last touch up. The shop’s stylish, custom wood home office and interior/exterior architectural pieces add exquisite finishing touches to any home kitchen, bath, office or study. Full custom products the shop offers include cabinets, kitchens, complete home offices, wall paneling, entry door systems, interior doors, mantles, architectural millwork, entertainment centers, home theaters, wine rooms, bars, ceiling beams, flooring, vanities, custom veneer work, stairs and railings. The shop also builds exclusive custom furniture including beds, dressers, tables, chairs, and outdoor furniture.
This company has a long queue of business. Clients range from 5-star resorts to high end homes from coast to coast. The opportunity exists to potentially double the size of this business with additional sales/marketing support and a second shift in manufacturing.
Facilities
Also offered for sale or lease is a 12,000 square foot state of the art manufacturing facility on a 39,000 square foot industrial lot featuring large manufacturing and finishing areas and support offices. Recently appraised real property with this manufacturing business may be purchased in conjunction with the business for $1.15 million.
Financials
Asking Price: $1,000,000
Included in the Asking Price: Design/Manufacturing equipment and tools valued at $400,000, inventory worth $15,000 at cost
Revenue: $1,400,000
Cash Flow: $330,000
Market Outlook
Competition: Our Millshop’s product offering is so unique and exclusive that competition is almost irrelevant. They don’t compete with Lowe’s and IKEA on low end kitchens and cabinetry. In fact, there are only 25-30 millshops that offer this level of precision custom woodwork in the U.S.
Growth and Expansion: The business has a strong queue of projects and a bright future. Given the owner’s intention to simplify life and retire, his manufacturing operation is presently running one shift per day. Their market is strong though. A younger savvy new owner may have an opportunity to build even more custom woodwork products simply by bringing in sales support and opening up a second shift of manufacturing.
About the Sale
The owner plans to retire but is willing to train the new owner and work for up to a year in a consulting capacity, project manager and/or project funnel if needed.
