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Custom Wood Processing Remanufacturing Business In Tri Cities For Sale

Tri-Cities, British Columbia, Canada
Asking Price:
$1,000,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$2,240,000 (CAD)
Cash Flow:
$475,000 (CAD)

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.

Property Information

Real Estate:

Lease

Lease Terms:

Lease just renewed for 3 more years.

Location:

Great location in the Tri-cities area.

Premises Details:

$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.

Size in square feet:
18,500

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday to Friday (double shift)

Employees:
28
Years established:
1987

Other Information

Support & training:

Will be provided up to 2 years by the current owner.

Furniture / Fixtures value:
$950,000 (CAD) - included in the asking price

Contact Information

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