Turn-around opportunity for the right person(s) or entity possessing a complete business skill set. This company produces commercial casework and millwork for large and small general contractors. It has a long history of success and a great reputation to go along with it. The company is housed in a 24,700 sq. ft. facility that is outfitted to fully service the required production needs. There is 1,200 sq. ft. dedicated to office space and 1,500 sq. ft. dedicated to the engineering department, the balance is all production. The plant has a physical capacity to produce$10,000,000 to $12,000,000 of product annually. Modern CNC technology and supporting equipment is utilized for both engineering and production of product. There is ample parking for all company needs and a lease in place. The company experienced monumental growth between 2006 and 2009 going from a $3.6 million is 2006 to $9.5 million in fiscal 2009. This growth was achieved through the previous years of dedication to quality work resulting in a strong reputation in the industry. Currently, the recession has caused a dramatic drop in margins in the industry to the point where many competitors have closed their doors. This company is currently distressed and is looking for an expert in search of an opportunity to reorganize a company and return it to the profitability which it has traditionally realized. All equipment throughout the company is state of the art and capable of producing up to $12,000,000 of product annually. The owner has grown the company beyond his expertise to develop it further and it now needs a turn-around expert entrepreneur to manage it through these difficult times and position the company to best take advantage of economic recovery as it occurs. This business was valued as recently as eighteen months ago at $2.9 million. The owner is an extraordinarily talented sales and customer director but recognizes it is time for an entity with a broader skill set to take the reins. Offered at $350,000, this opportunity that cannot be ignored. Please be prepared to sign a Non-disclosure Agreement and provide personal financial information.  Contact Charle Morningstar 253-606-3788 or charles@soundbusinessbrokers.com

Asking: $350,000

Gross Revenues: $9,550,393.00

Net Cash Flow: $341,627.00