Subcontractor of Casework and Parts Fabrication

Description:
The company is a full-service licensed subcontractor providing the design and install casework, as well as fabricating parts for furniture companies. The company primarily serves general contractors and offers over 500 casework designs to choose from. With over 30 years of operating history, the company has a strong reputation for high-quality workmanship and has established long term relationships with general contractor clients.

Key Aspects:
• Backlog of signed contracts of approximately $6 million as of February 2023
• Average gross profit margin of 20.4% between 2019 and 2022
• Architectural Woodwork Institute (AWI) certified
• Strong reputation for high-quality workmanship
• Long-term affiliations with general contractor clients
• Emphasis on safety and great employee relationships has made the company a destination employer for expert field craftsmen

Opportunities:
• Continue to expand operations geographically to increase customer reach
• Diversity service offerings to attract new clients and further drive revenue growth
• Continue to seek parts sale clients

Headquartered:
• Southeast US

Current Markets:
• The company serves general contractors (90%) and furniture companies (10%) throughout the Southeast US

Real Estate:
• The company operates from a 37,500 sq. ft. facility leased from an affiliated entity. The owner is willing to entertain including the real estate in the sale or entering into a long-term lease with new ownership. There is room to grow in the current facility.

Shareholder Ownership:
• The company is solely owned by a single shareholder who is seeking exit opportunities to pursue retirement. They believe the company is in a position where new ownership can take advantage of the growth opportunities in the market.