Texas based Mfgr to the Hot Tub industry

Hot tub cover manufacturer with approx. 80% Wholesale & 20% Retail customers serving Texas & Oklahoma. Experienced workforce. Semi-absentee owner run. Business would benefit from a more hands on owner. Room for price increases (haven't had time to keep up with supplier price increases. Business will need to move (building sold) Owner has other interests. $700k revenue Approx $50-$60k CashFlow Photos coming soon. Location: Burnet, Texas Year Established: 2000 Number of Employees: 9 Real Estate: Leased Building Sq. Ft.: 8,000 Rent: $4,000.00 Per Month Lease Expiration: 6/30/2022 Facilities: Current facility is 8,000 sqr/ft. Business could use 7,000 and above. Building has sold and business will probably need to be relocated (would have to confirm with new owner of building). Market Outlook/ Competition: The pandemic caused a great increase in the demand for Hot Tubs. This company is an OEM Mfgr of Covers for a Hot Tub Mfgr. And covers do wear out, so there is repeat demand for the product (it does take several years, but the repeat opportunity is there). Covers are bulky so can be hard to ship. Most other Mfgr's are on the Coasts. This company is the main supplier in Texas & Oklahoma. Right now the company has a 12 week backlog (as does most of the industry). Growth & Expansion: Pros: Company has to turn away new business as smaller "mom & pops" fold. Getting pricing caught up with materials costs will improve margins. The website is homegrown WordPress. With more active online marketing & advertising (none right now), the more lucrative Retail side could be ramped up. Cons: Labor supply is tight just like everywhere else. Materials costs are going up, but they'll have to be rolled into customer pricing. Bigger competitors are on the coasts (SoCal/Mexico & Florida). But they have to deal with shipping to TX.