Active
Price Reduced! Midwest Hardwoods Manufacturer
For sale is a long-established, vertically integrated hardwoods manufacturer. This company operates in a niche market position that allows it to enjoy robust profit margins. Current owner is committed to a long-term transition plan with the next owner.
The real estate is adequate for current operations and is part of the sale. All assets needed to run the operation, including working capital, work force, and equipment are included in the asking price. There is internal, non-owner management that runs most of the day-to-day operations.
This company enjoys a solid competitive position in its market and is well poised for continued success and growth. Perfect for a strategic buyer that can steer the company through its next level of success, or another operator in the industry that can integrate the business into its current operations.
Potential buyers must have $2 million liquid cash to be considered.
Listed By: Josh Grode Wolters
The real estate is adequate for current operations and is part of the sale. All assets needed to run the operation, including working capital, work force, and equipment are included in the asking price. There is internal, non-owner management that runs most of the day-to-day operations.
This company enjoys a solid competitive position in its market and is well poised for continued success and growth. Perfect for a strategic buyer that can steer the company through its next level of success, or another operator in the industry that can integrate the business into its current operations.
Potential buyers must have $2 million liquid cash to be considered.
Ad#:2188525
Listed By: Josh Grode Wolters
Background information
Year established:
1967
Reason selling:
Majority owners wish to implement retirement plan.
Finance
Sales:
$10,719,000
Profits:
$2,301,630
Operations
Employees:
40
Equipment:
Included in asking price $2,700,000
Inventory:
Included in asking price
Premises
Facility:
Facilities are adequate for operations. All real estate is owned by the seller and is a part of the offer price.
Opportunities
Growth:
With a solid foundation of over 1,200 customers per year (spread across different industries), this business possesses a solid core business. That being said, in the past several years the Company has expanded into a niche market that is ripe for continued growth both by reaching more customers in its current market, and also establishing itself in new markets.
Price and terms
Price:
$9,000,000
Financing:
$6.3MM down/$2.7MM over 60 mos.@ 6%.
Training:
Will train for 2 weeks @ $0 cost.