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Business for Sale Overview:

The owner of this mill work business has created a niche by selling stair parts and mill work. Most parts are purchased and sold directly to general contractors, stair builders and homeowners. The business has a complete woodworking shop and also manufactures 10% to 15% of total sales. Parts are manufactured in custom situations or when the owner can manufacture the part much cheaper than he can buy it. If you are a woodworker you will be impressed with the shop. Plenty of room (4,800 square feet) storage of inventory and raw materials and all equipment necessary to produce any type of wood product. Price includes fully stocked inventory of stair parts. The owner started this business on a part time basis 10 years ago and built it slowly with little or no advertising. He has developed a group of suppliers who can be relied on for very good prices and prompt delivery of products. His customers are some of the oldest and most stable homebuilders and stair builders in the area. These customers know that this business owner will treat them fairly and provide products on time. The new owner will need to negotiate a new lease or move the business. The owner believes that the landlord will execute a favorable new lease. During 2007 the owner did $550,000 plus in sales by himself with a small amount of office help. Business has slowed since the last quarter of 2007 but is still running at a pace of approximately $30,000 per month. A new owner could work the current sales levels and wait for business to pick up or increase sales in a number of ways: 1) Go out and solicit new customers 2) Begin some advertising 3) Add new mill work products 4) Develop other custom products in the shop. This business would also be a good fit to other woodworking businesses looking to expand their volume. The owner wants to retire and has priced the business for a quick sale.