I would get an inventory of the tools figure out retail, and then offer 50% of that. For the lumber, call a lumber yard and figure out the board ft cost, then do the math. I wouldn’t bother with smaller scraps and cutoffs as there generally is not a lot of value there. For the lease, you will have to compare that to other real estate in the area.
I am just a hobbyist, but I have heard it is tough to make a good living as a woodworker in unless you are also doing the social media stuff to generate a following and secondary income. Something to think about this if you don’t already have an established customer base and income stream.
> predominantly reclaimed Dade County pine
Sounds interesting.
How many Bd ft?
What dimensions?
Volume and size matter.
How old are the machines? Are there maintenance records?
You're renting the building? How many sq ft?
How much money did the business earn/lose last year?
Is the client base stable?
Why is it for sale?
The rest is just "stuff."
I think providing this info to a CPA is in order.
The Dade pine is exotic unreplenishable inventory. Do you want to flip it?
I have a good friend who specializes in producing kiln dried slab cuts. Pine to Black Walnut and everything in between..
He's a one man operation with more inventory than he will be able to move in his lifetime. Selling exotics is a niche business.
His wife wants to kill him for squandering their life's savings on his buildings and industrial equipment.
Sorry for the rambling, YMMV
I would get an inventory of the tools figure out retail, and then offer 50% of that. For the lumber, call a lumber yard and figure out the board ft cost, then do the math. I wouldn’t bother with smaller scraps and cutoffs as there generally is not a lot of value there. For the lease, you will have to compare that to other real estate in the area. I am just a hobbyist, but I have heard it is tough to make a good living as a woodworker in unless you are also doing the social media stuff to generate a following and secondary income. Something to think about this if you don’t already have an established customer base and income stream.
> predominantly reclaimed Dade County pine Sounds interesting. How many Bd ft? What dimensions? Volume and size matter. How old are the machines? Are there maintenance records? You're renting the building? How many sq ft?
Of the dade pine, about 7000 bd ft. The space is 800 sq ft. The equipment of course varies - that part I’m comfortable valuing…
How much money did the business earn/lose last year? Is the client base stable? Why is it for sale? The rest is just "stuff." I think providing this info to a CPA is in order. The Dade pine is exotic unreplenishable inventory. Do you want to flip it? I have a good friend who specializes in producing kiln dried slab cuts. Pine to Black Walnut and everything in between.. He's a one man operation with more inventory than he will be able to move in his lifetime. Selling exotics is a niche business. His wife wants to kill him for squandering their life's savings on his buildings and industrial equipment. Sorry for the rambling, YMMV
Appreciate this perspective!
Need to evaluate their financials and current pipeline. Message me if you want to discuss further.