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Profitable custom wood processing re-manufacturing business.
Established in 1987 and running with the current owner since 2004.
One owner. 28 employees.
Day Shift and Night Shift operation.
Equipment Market Value is approx. $950,000.
Business produces 70,000 - 80,000 LnFt per day for molding and millwork department and produces 25,000 - 30,000 Fbm per day in chop low grade trimming. Approximately 8,000,000-9,000,000 Fbm is turned around annually.
Sales for 2018 were approx. $1.8m. Sales for 2019 were approx. $2.05m. Sales for 2020 were approx. $2.2m
For 2019 the Owner took an $100,000 Management fee plus $145,000 in wages plus Net Profit was approx. $95k. Plus Discretionary Earners approx. $40k. Total SDE approx. $380,000
Sales for 2020 are up to $2.2m with along with net profits over $190,000, Owners Salary $160,000 and Owners Management fee $84,000. Plus Discretionary Earnings approx. $40,000. Total SDE approx. $475,000.
Projected Sales for 2021 are $2.4m.
Business holds no inventory.
Lease is $19,000 per month for 18,500 sq. ft. facility. No Demo clause.
In addition, the facility has a large storage yard, approx. 30,000 square feet of which 4,000 is a covered cosset tent structure. Owner is approaching retirement and is willing to stay in the business as a consultant up to 2 years for transition.
Lease just renewed for 3 more years.
Great location in the Tri-cities area.
$19,000 per month for 18,500 sq. ft. Lease just got renewed for an additional 3 years. The facility has a large storage yard, approx. 30,000 square feet of which 4,000 is a covered cosset tent structure.
Monday to Friday (double shift)
Will be provided up to 2 years by the current owner.
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