MergerPlace

Specialty Wood Products and Flooring

Washington (Stevens)


  • Asking Price: $880,000
  • Gross Income: $641,468
  • Cash Flow: $170,044
  • Real Estate: $590,000
  • Inventory: $150,000
  • FF&E: $170,001
  • Listing ID: #215538
  • Established: 1991
  • Employees: 5 FT/ 1 PT

Business Description

Founded in October 1992 and incorporated during 2017 this Company is located in a beautiful rural community.

Wood flooring and woodworking are this company's specialties. From floors to stairs to custom requests, this company makes their customers' wood flooring and wood working projects and dreams a reality. The business provides wood flooring installation and repair, a woodworking supply and finish store and milling and sales of custom wood slabs.

The Company operates two on-site band mills and two on-site slabbing mills. The Company also cuts lumber, beams and sticker that they dry on-site.


Business Details

Primary Business Category: Contractors - Special Trade
Location: Washington
County: Stevens

Company Information

Year Established: 1991
Home Based: Yes
Franchise: No
Relocatable: No
Number of Employees: 5 FT/ 1 PT

Financial Information

Asking Price: $880,000
Gross Revenue: $641,468
Cash Flow: $170,044
FF&E: $170,001
Inventory: $150,000
Real Estate: $590,000
Seller Financing Available: No

Property Information

Facilities:

Located on 14.5 acres in the Pacific Northwest, 60 miles from a major city, the facilities include buildings including living quarters, office space, a shop, warehouse space, retail space and ample parking space. The residence is easily accessed from the commercial portion of the property through a separate entrance/vestibule from an outside deck. The residence is 2,100 sq. ft. consisting of a custom maple kitchen, three to four bedrooms (depending on configuration) and two baths. It is tastefully updated and has amenities found in higher end homes. It has site finished Ash hardwoods throughout the entry and downstairs bedroom. The bathroom downstairs also features tile flooring and custom built cabinetry and is shared as a laundry room. The downstairs family room has a custom built entertainment center made from Alder featuring a flat screen TV and surround sound speaker system. The family room also has a gas fired stove for additional heat. All heating is electric baseboard with wall mounted registers. A large farm pantry and storage area complete the downstairs living quarters. A 500 sq. ft. deck surrounds the southern end of the residence. The deck, overlooks the patio, fire pit, lawn, yard water feature and 20 plus hand planted hardwood trees now entering maturity providing ample shade during the warm summer months. A 2,000 sq. ft. garden area rounds out the outdoor living space and can be easily accessed from the deck and patio.

Growth & expansion opportunities:

Excellent growth potential exists through building on the the company's well known brand in the market by developing online marketing campaigns and implementing an integrated social media presence.

Competition:

While there are other flooring companies doing site finishing in the area and one retailer 60 miles away offering similar wood products none of them have the unique combination of products and services, depth of knowledge and quality of service offered by this Company.

Reason for selling:

Retirement.

Support & Training:

Will train for 3 weeks @ no cost. The Company produces and sells unfinished and finished wood slabs, woodworking bits, blades, finishes and abrasives and sells, installs and refinishes wood flooring and luxury vinyl. Licenses Required: Washington State Business License, General Contractor's License. A Buyer with reasonable business acumen and a general understanding of the construction industry specifically related to wood products and wood flooring installation and repair will find this to be an outstanding opportunity.

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Business Listed By:

Brian Southworth

Murphy Business Brokers