Specialty Wood Manufacturing Business – Has Accepted Offer

This business has an accepted offer. Please view our other Manufacturing Companies for sale

** Cash flow consists of adjusted owners’ income, interest, and depreciation

The Company is a contract manufacturer that makes parts for rail, transit, utilities, maritime, aerospace, defense, and prime defense contractors using wood, plywood, phenolic, honeycomb, and machined plastics. Founded in 1952 the company specializes in wood cable wedges which must be used with cable support bodies and made of maple hardwood. The company is located in the Wilkes Barre Scranton area.

The company has an excellent Quality Management System and is AS9100/ISO 9001 certified. It should be noted that very few companies that manufacture products from wood have those quality certifications.

The business is being offered for $750,000 as of Aug-2024, including:

• $230K~ fixed assets/equipment
• $340K~ inventory
• $400K in order backlog
• $2.8M non-guaranteed blanket orders
• Work in process (unearned)

Employees: There are (13) employees, including (2) operating owners (who work 45 hours a week) (1) Production Manager, (1) Production Supervisor, (8) production employees, (1) Part-time driver. The workforce is associated with the Carpenter’s union.

Organization: The business is registered as a C corporation in Pennsylvania.

Facilities: The business operates out of a 33,000-square-foot facility with two years remaining on the lease.

Business Highlights:

• The business has a strong team with an excellent regional reputation.
• Profitable, with solid cash flow and the ability to expand services and regions.
• The owners are willing to remain through the transition period and after that.
• Well-maintained equipment with high replacement value.

Further details of the business will be revealed only to those buyer prospects whom the broker has screened.