For Sale manufacturing business in wood products. Supplier to third parties in the millwork industry with a solid reputation for quality and service. Plenty of room to build on the current volumes with an estimated potential to triple the sales. The company invested approximately $150,000 in custom software that simplified order entry and extrapolated into the production. Asking price below market value.
- Asking Price:
- $1,400,000 (CAD) Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $2,345,000 (CAD)
- Cash Flow:
- $368,500 (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Escalating 5-year term ending Feb 28 2027 plus option to renew after Landlord approval
- Lease Rent:
- $9 (CAD) per sq ft per annum
- Living Accommodation:
-
Zoning allows for a caretaker residence. Space is available for such a thing but it has not been developed.
- Location:
-
Located in the Central Okanagan near international airport on a high traffic location.
- Premises Details:
-
I2 zoning. Manufacturing and offices, showroom, staff room, yard and shipping and receiving
- Size in square feet:
- 16,779
Business Operation
- Expansion Potential:
-
The facility is set up to handle triple the volume on 1 shift.
- Competition / Market:
-
There are very few competitors in this industry which is due to the high cost of establishing the facility. Solid wood as a trend is experiencing a resurgence after several years of fake wood-look particle board commanding a large portion of the market.
- Reasons for selling:
-
Health
- Trading hours:
-
Monday through Friday 9:00 am – 4:30 pm
- Employees:
- between 10 and 13
- Years established:
- 36
Other Information
- Support & training:
-
Owner willing to provide training. Negotiable based on Buyers needs.
- Financing available:
-
due to health situation only short term for minimal amount
- Furniture / Fixtures value:
- $1,120,000 (CAD) - included in the asking price
- Inventory / Stock value:
- $100,000 (CAD) - included in the asking price
