Confidential Rice Lake, MN 56621

Property Details for 0 Confidential

Property type

Commercial real estate

Description

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.