Business Overview:
This manufacturer and distributor of kiln-dried lumber provides competitively priced, high quality hardwood lumber to customers primarily throughout the U.S., but is experiencing an increase internationally. Customers include wholesale lumber distributors, window and door manufacturers, hardwood flooring manufacturers, and furniture manufacturers, among others. The company currently sells between 12-15 million board feet annually. The company has significant excess capacity and room for additional expansion at the current location. The company has very experienced and cross-trained employees. Several growth opportunities exist.
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Property Features and Assets:
Business situated on approximately 20 acres with ease of access to major highways. Management has focused on continuous improvements and upgrades to equipment.
Market Competition and Expansion:
Demand for the industry's products have been on the upturn for the past two years, driven by rising household income and a moderate increase in housing starts. As a result of heightened demand for wood products, combined with increased household spending, industry sales are forecasted to increase 4% per year. The company has a reasonable numbers of like competitors in the Midwest region, but has differentiated itself through product quality, availability, quality of staff and continuous improvements in equipment and technology.
Reason for Selling:
Planned exit strategy
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.