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Hardwood Lumber & Product Factory
Location Romania
Asking Price Range $5.0M - $10.0M
Gross Revenues $2800000
Net Profit / Cash Flow $650000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1993
Number of Employees 50 - 99
Relocatable No
Number of Employees 50 - 99
Real Estate Owned
Training Yes, seller will complete a proper transition period.
Reason for Sale Retirement
Description Location: Romania
Sales: $2.8 Million USD (2011) -Plant has capacity of $10M in sales
Price: $7.0 Million USD for an Asset Sale (Includes $2.7M in land and buildings)
EBITDA: $648,000 USD and growing
Growing manufacturer of quality hardwood lumber and related products established in 1993 seeks new ownership to bring additional vision and growth to the company
Products include lumber (beech, maple, oak), edge glued panels, chopping boards, countertops, wooden stairs, and solid wood furniture and are sold in China, USA and Europe
Factory is Certified ISO 14001, 18001 and FSC (Forest Stewardship Council) with a sawmill capacity of 2,500cubm monthly and panel plant capacity of 150-200cubm monthly
New capital investments (using EU Grants) include an industrial boiler with automatic feeding system and a twin band saw and stacking equipment
Solid management team utilize modern manufacturing and HR practices and state-of-the-art technology to maintain high productivity, low costs and enable new product development
Sales are expected to grow 20% in 2012 and the gross profit margin is consistently over 50%
Future approved (EU Grant) capital projects are for new panel machinery and a pellet plant
Sale includes 8 acres of land, 100,000sf in buildings (panel plant, sawmill, kiln, dying rooms, storage, warehouses) with an appraised value of $2.7 Million USD
Seller is seeking to pass their business to experienced operators who can build on growing sales. It is important that new ownership continue the company's social legacy of investing in the community and creating a positive work culture. Seller will be a strong asset during the transition.
For more information contact Frank Kusmer or Chris Kassardjian in Vancouver (Canada) at: +1 604 909-1271
Click Here To Contact Seller
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