For Sale
$2,500,000

Confidential Rice Lake, MN 56621

Profitable MN Lumber Company - $2.5M

Overview

Added:
Dec 11, 2024
Days on market:
133
This established lumber manufacturing business, operating for 64 years and located on a 65-acre site in Bagley, MN (zip code 56621), is offered for sale at $2,500,000. The business boasts $3,344,383 in gross revenue and $333,387 in Seller's Discretionary Earnings (SDE). The sale includes $1,073,000 in inventory and $690,000 in furniture, fixtures, and equipment (FF&E) valued at 30% of cost. The company employs 14 people and offers treated and untreated lumber products, including fence posts, round poles, square timbers, landscape timbers, lumber, and permanent lumber foundation products, wholesaling to customers throughout the Upper Midwest. A 500-mile, 5-year non-compete agreement is included. The seller is retiring after 18 years of ownership and will provide 26 weeks of support and training. Significant growth potential exists through expanding sales to large farm suppliers and implementing a robust marketing strategy. The expansive property features a treatment plant, dry kiln, Scragg mill, debarker, pointer, planer, domer, and multiple storage buildings. This presents a unique opportunity to acquire a well-established, profitable business with substantial assets and growth potential in a desirable location. NAICS code: 339920.

Highlights

  • Asking Price: $2,500,000
  • Gross Revenue: $3,344,383; Seller's Discretionary Earnings (SDE): $333,387
  • Inventory: $1,073,000; Furniture, Fixtures & Equipment (FF&E): $690,000 (30% of cost)
  • 14 Employees; 500-mile, 5-year non-compete agreement
  • Established business, family-owned for 64 years, currently operating for 18 years under current ownership; 26 weeks of support and training provided; Reason for sale: Retirement.

Property Details for 0 Confidential

Property type
Commercial real estate

Location Insight

City
Rice Lake
County
State
Minnesota
Latitude
47.4357921
Longitude
-95.4865446

FAQs

What type of property is this?
Commercial real estate - Profitable MN Lumber Company - $2.5M
Where is the commercial real estate located?
The property is located at Confidential Rice Lake, MN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Asking Price: $2,500,000; Gross Revenue: $3,344,383; Seller's Discretionary Earnings (SDE): $333,387; Inventory: $1,073,000; Furniture, Fixtures & Equipment (FF&E): $690,000 (30% of cost)
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