Details - Information last confirmed on January 27, 2021
As one of the largest millwork companies in Arizona, we specialize in manufacturing and installing custom architectural millwork products, custom cabinetry, countertop surfaces and other products for commercial applications. Our primary products and services include the manufacturing and installation of premium grade cabinets, case goods and other custom furniture for large prestigious clients. We have established a strong reputation within our market for executing complex projects on time and within budget while adhering to strict quality control measures. We obtain business primarily from general contractors with which we have worked in the past and recommendations from general contractors and end users. We have developed strong strategic alliances with numerous customers, including 22 of the 25 largest general contractors in the Phoenix metropolitan area, that date back 10, and in some cases 30, or more years. Our revenue has increased from $9.7 million for the year ended December 31, 2015 to $11.4 million for the year ended December 31, 2019. Similarly, our seller’s discretionary earnings have increased from $0.8 million for the year ended December 31, 2015 to $1.3 million for the year ended December 31, 2019. For the eight months ended August 31, 2020, we generated $6.5 million in income, down from $7.5 million for the same period a year ago. Several projects have been postponed or delayed due to the pandemic. Our backlog of uncompleted contracts at August 31, 2020 was $6.4 million, which is $0.6 million higher than our balance of $5.8 million at December 31, 2019. We believe our reputation for responsiveness and quality work, local presence, safety leadership and financial strength have resulted in strong relationships with numerous customers and have positioned us to take advantage of future opportunities.
Location holds a monthly tenancy of $26,500. The two-building headquarters is available for purchase separate of asking price for $4.5M! Sale includes Equipment value of $713,984 and Inventory of $90,245; as well as $275,450 in Prepaids & Deposits and $494,000 of Other Transferable Assets!
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