Company was in established in 1992, is a renowned provider of high-end custom woodworking solutions, specializing in custom cabinetry, doors, and millwork. Serving the Vail and Roaring Fork Valleys, Heartwood has built a reputation for delivering top-quality, handcrafted products for luxury homes and commercial properties. With 32 years of history, the company is a leader in its market segment, offering a wide range of woodworking services including kitchens, bathrooms, libraries, and bars.
With a highly skilled team of 15 full-time and 3 part-time employees, the Company is primed for growth, especially in areas like custom flooring, furniture, and closet design. The company has embraced cutting-edge technology, ensuring efficiency in its design and manufacturing processes.
The current owners are looking to retire, offering a new owner the opportunity to capitalize on the company’s strong foundation, reputation, and significant growth potential. With over $423,000 in 2023 SDE and strong growth through 2024, you will walk into reliable cash flow day one.
Lastly, 'future project revenue' of $1,800,000 in unbilled contract revenue solidifies the current backlog of project revenue. This balance fluctuates throughout the year, typically on a monthly basis, and adjusts as new projects are added to the pipeline. At present, there is $3.1M in active bids for projects slated for 2025 and 2026. The company has a high conversion rate exceeding 50% due to the selectivity in targeting viable projects which make the opportunities ahead promising.
This is a staple in the construction industry in the Vail and Aspen Valleys. Residential and Commercial builders have been relying on this company for high quality, custom work for decades. The current team will take this company to the next level and make a great investment for the next owner.
Additional Key Takeaways:
- Long-term employees with deep industry experience. 15 full-time and 3 part-time employees, with roles ranging from sales to engineering and manufacturing. Three very experienced builders with over 30 years of experience each. Current management team will stay in place. The custom woodworking team is a dynamic blend of seasoned experts and eager learners, driving the future of the trade. Each key role has over 20 years of experience; the lead builder sets the bar high, while newer members are rapidly mastering the craft. This collaborative environment fosters skill-sharing and growth, ensuring a strong foundation for continued excellence. The new buyer will help lead a fun, dynamic and highly skilled team for many years to come.
- Technology and Equipment: State-of-the-art equipment, including CAD, CNC, and tooling machines. The Cube machine significantly improves efficiency in rough lumber processing.
-Over three decades of experience and strong relationships with architects, designers, and contractors in the luxury home and commercial market. All built with virtually no marketing and only word of mouth.
-Products and Services
- Cabinetry: Custom-built cabinets for kitchens, bathrooms, and other living spaces.
- Millwork: High-end custom millwork for residential and commercial projects.
- Doors and Beams: Custom doors and decorative box beams.
- Furniture: Occasional custom furniture like beds and dressers.
- Potential New Products: Flooring, closet design, and specialized furniture lines for future growth.
Ad#:2286218
