Custom Millwork Manufacturer

Description:
The Company is a manufacturer of high-quality custom millwork, including cabinets, countertops, feature walls, wall panels, desks, and ceiling elements.

Key Aspects:
• Revenue and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 26.3% and 122.2%, respectively, from 2021 through the trailing twelve months (TTM) June 30, 2024
• Revenue grew 29.5% from 2022 to 2023
• Gross profit (GP) margins averaged 64.5% from 2021 to 2023
• Management estimates $1.75 million in backlog as of July 22, 2024
• Management notes that 90% of revenue was from repeat customers in 2023

Opportunities:
• Bring to market custom-printed medium-density fiberboard (MDF) panels and glass to gain market share
• Develop a product line of medical exam and mobile cabinets to diversify the customer base
• Add search engine optimization (SEO) to the company website to improve visibility and attract new customers
• Reconfigure the operating facility space to make room for new hires allowing the company to accept more jobs and increase revenue
• Offer custom millwork products to the residential market to increase revenue and grow customer base

Headquartered:
• Southeast, US

Current Markets:
• The Company mainly services the commercial construction industry in the Southeast, US.

Real Estate:
• The Company operates from a 10,000 sq. ft. facility leased from an affiliated entity, which may be included in the sale or leased long-term.

Shareholder Ownership:
• The Company is owned by two shareholders who would like to pursue retirement. Both owners are willing to remain with the Company for a predetermined period to facilitate a smooth transition to new ownership.