Details - Information last confirmed on February 1, 2021
Special Note: In a victory for small business buyers, the recent $900BB stimulus bill directs the SBA to pay the first 6 months of new SBA 7(a) loans approved between February 1 and September 30, 2021 (up to $9,000/month). Our advice: Don’t wait. Find a quality business and get moving quickly. Banks will be busy this year and buyers that wait until July/August will likely lose out.
A unique opportunity to acquire a diversified manufacturing and wholesale distribution business like this does not come very often, so act quickly!
This business opportunity is comprised of two companies. Company A is a wood box and pallet manufacturer serving mainly manufacturing businesses with a diverse customer base. Company B is a mulch distributor and wholesale business. The Companies are highly profitable and, as essential services providers, have remained fully operational during COVID-19.
Company A was founded in 1960 but acquired by one of the current owners in 1975 and is now family-owned and operated. Company A manufactures various shipping container products: pallets, skids, crates, boxes, corner posts, stakes, and custom products tailored to customers’ needs.
Company B was established in 1995 when the family developed a method to minimize the wood waste produced by Company A, repurposing the waste, and grinding it into mulch. Company B uses a water-based method with a non-chemical colorant to produce colored mulch products and offers several natural mulch options. The full control of the manufacturing process resulting in a superior product allows for a larger realized margin than competitors can achieve. When demand for mulch is diminished in the winter season, Company B offers salt products, keeping itself in operation year-round.
While the two Companies have traditionally operated as separate entities, the Owners believe that combining them into one could leverage operational efficiencies and synergies to grow the combined bottom-line.
After 46 years, the Ownership family members are ready to transition out of the Companies as a package deal (they are willing to consider selling the Companies separately). The Owners are also flexible with the real estate. The Owners are happy to assist the buyer(s) with a flexible transition process, but they seek to retire shortly.
The new owner(s) could jump into the Companies full-time or hire management personnel to run the Companies.
Note: The Financial Information in this overview reflects the combined financial information of the two Companies.
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