This long-established custom cabinetry and millwork manufacturer on North Vancouver Island has been operating for several decades and holds a strong reputation for quality craftsmanship, design capability, and reliable project delivery. The company designs, builds, and installs custom kitchens, vanities, built-ins, closets, and entertainment systems for residential clients and select contractors. Fabrication is completed in a well-equipped production facility supported by a modest showroom that showcases current design capabilities and materials. Installation is performed by experienced subcontracted teams, enabling a lean internal staffing model.
The business operates under a traditional owner-operator structure, with the owner also acting as landlord through a separate holding entity. The operating company pays standardized market rent, ensuring accuracy of normalized financials for valuation and banking purposes. While overall market demand has shifted since the pandemic, the company’s production capabilities, skilled team, and established brand remain intact.
The contemplated transaction may be structured as either an asset or share sale, with a new market-rate lease (or optional property acquisition) available for qualified buyers. Inclusions can encompass equipment, CAD/design libraries, brand assets, backlog, and showroom displays, subject to negotiation. Working capital at close will be finalized based on historical norms around accounts receivable, inventory, deposits, and work-in-progress schedules.
The owner is pursuing retirement and is prepared to provide a transition period of 3–6 months. Longer is negotiable.
The business is offered at an asking price of $3,400,000, which includes the real estate valued at $3,150,000 and equipment at $900,000+.