Wood Component Manufacturer Specializing in Musical Instrument Parts

Parkland, WA (Pierce County)

CNC at work
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Asking Price: $200,000

Cash Flow: $40,000

Gross Revenue: $500,000

EBITDA: $40,000

FF&E: $75,000

Inventory: $20,000

Rent: $3,000 /Month

Established: 2010

Wood Component Manufacturer Specializing in Musical Instrument Parts

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Business Description

This business originally started as an eCommerce website focused on high quality guitar hardware. After becoming established online the business was combined with a light materials job shop / manufacturing business in 2010 and we started producing wood guitar components as part of the product line.

We are currently focused on solid body electric guitar and bass parts. We have many consistent clients and are moving forward with more direct retail marketing.

Detailed Information

Location:
Parkland, WA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,500
Lease Expiration:
N/A
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Two CNC routers with vacuum clamp fixturing, wide belt sander, bandsaw, resaw, wood racks with 3-6 month supply of materails. All other critical equipment for wood part manufacturing. Approximately 5500 square foot leased facility in gated industrial park.
Competition:
The demand for 'Made in USA' guitar components is high and was chosen as an entry point in the market. Other manufacturers doing similar work are 2 to 10 times larger so there is significant growing room. Fully assembled instruments are an even larger market, which has been a future goal of the business.
Growth & Expansion:
The primary issue of growth has been the need for marketing and management experience. If the business continues with guitar manufacturing the employees must be trained in unique ways compared to other industries. Converting the business to a cabinet or furniture shop would potentially lead to simplified growth and training but those industries have shown weakness in the past during recession.
Support & Training:
Most processes are documented or automated. The current owner enjoys the work and would be happy to be part of the future of this business and provide necessary training.
Reason for Selling:
Other technology related jobs/businesses, hoping to get time back in my life!
Business Website:
http://www.soundguitarworks.com/
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Business Listed By:
Andrew Artz

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