Specialty Wood Products Manufacturer with Real ...

Hickory, NC
Catawba County


Asking Price: Annual Revenue:
$995,000 $450,000

Manufacturing: Wood, Stone, Concrete


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RE: Specialty Wood Products Manufacturer with Real ... Broker: Bill Law
Owner Financing is Available!

Quick Facts

Asking Price: $995,000
Annual Revenue: $450,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 1988
Employees: 6
BBN Listing #: 148938766
Broker Reference #: CHARLNC001-N782

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Business Overview:

This specialty wood products manufacturer has no competition in the USA and only has minor overseas competition. They have very custom equipment which can not be replicated making their products so unique. Products include Boxes, Beer Cases, Trunks, Cupboards, Picture Frames, Fishing Rod Racks, Chalk Boards, Benches, Wine Racks, Tables, Chairs, Desks, Wooden Bars and miscellaneous items unique to customer specifications. Some customers include the larger fortune 500 who license their products (Beer Companies, Gun Manufacturers, United States Military, etc) The company was founded by the current owner about 30 years ago and he only works part time in the business now as he is semi-retired and enjoys hunting and fishing trips. Thus, he has not pushed sales in a number of years. Only 5 years ago this business had sales of $2.5 Million per year with almost $1 Million in profits. It can return to huge profitability with a new hands on owner who is willing to do some advertising as almost no advertising is done currently. As a result, annual sales volume is down to about $400,000 per year and is slightly under breakeven. There is a 35,000 SF manufacturing plant that is capable of much higher volumes. The Seller prefers to sell the business and real estate together for a total asking price of $995,000. This is largely an asset sale as there is a lot of equipment included. Currently there are just 6 employees. This is the perfect business who enjoys wood working and would like to turn a hobby into a very profitable business again. The website for this company is amazing. Upon receipt of a Confidentiality Agreement, we can provide interested buyers with info and identify this company.

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Reason for Selling:

Retirement

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.

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