Listing Number: 76931-900431
Established in 1999. This 19-year-old business specializes in the manufacturing of new and used wood pallets, crates and lumber. Business currently operates out of two separate locations miles from each other. Seller owns the primary location which sits on 2.48 acres land with two standing warehouses which total 13,000 sq. ft. Additional location is currently leased at a low rent.
Business has been profitable since second owner purchased back in 2001. In 2017, sales reached $1,819,274 with a cash flow of $467,638. Current sales in the first six months of 2018 reflected revenues of $970,959. Seller is expecting to exceed $2 Million in sales with more than $500K in cash flow for the full year of 2018.
Owner is looking to retire. Both business and the real estate are to be sold together. The business is listed at $1,900,000, and the real estate is listed at $1,300,000. The COMBINED sale of this business and the real estate is listed at $3,200,000.
This includes furniture, fixtures and equipment valued at approximately $450,000 and operating inventory valued at approximately $200,000.
Liquid Assets, Accounts Receivable, Accounts Payable, and other liabilities are not being transferred and are not included in the price of the business.
This is an excellent opportunity for those who want to acquire a profitable manufacturing business.
- Price: $3,200,000
- Down Payment: $3,200,000
- Sellers Discretionary Earnings: $467,638
- Total Sales: $1,840,012
- Location: Harris County, Texas
- Inventory: $200,000
- FF&E: $450,000
- Employees: 12
- Year Established: 1999
- Reason for Selling: Owner Retiring
- Category: Manufacturing