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Turning 1 board feet of wood into $740+ profit

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Forum topic by Chris posted 10-16-2011 10:15 PM 2102 views 0 times favorited 20 replies Add to Favorites Watch
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Chris

188 posts in 2776 days


10-16-2011 10:15 PM

Hey guys i ran across a posting not too long ago online, concerning a guy that was selling his woodworking business, client list, tools, equipment, etc; The business had started out as a hobby of sorts years ago and had grown over the years into a business which was subtracting from his efforts on his primary job function. Plus i think he simply just desired change and sought to chase other venues.

Within the sales ad, there was included all the before-mentioned, plus he stated he would be willing to share with a buyer of the business how he turned one board foot of maple into a $740.00+ dollar profit.

Of course, my first thoughts were Wowzers! “How in the world?” – i was intrigued at the moment of reading and am still appalled by this some 4-5 weeks later. Of course this is intriguing and interesting to say the least, i was simply wondering what your thoughts are concerning same. – not that any of you would share if you actually knew of a means to do this…lol

take care, chris

-- Chris Harrell - custom callmaker "Quacky Calls" Eastern NC. http://www.quackycalls.com


20 replies so far

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pariswoodworking

380 posts in 1175 days


#1 posted 10-16-2011 10:44 PM

I would think something like a extremely good carving from a well known craftsman would sell for that. There is not really much you can make from 1 bf of wood that would fetch a decent price. I can cut one 8”x11”x1/4” board of oak or maple into a $40 portrait using a scrollsaw, and I can turn a 3/4”x3/4”x5” piece of wood into a pen (with a pen kit) rangeing from $15 to $50 (depending on the wood and pen kit used) (These are becoming difficult to sell in my area), I have seen some pens made by really good pen turners go for more than $200 and portraits from better scrollers than me go for high prices too, but I have never seen something made from 1 bf of maple sell for over $700. I’m interested in what other LJs will say.

-- Only two things are infinite, the universe and human stupidity, and I'm not sure about the former. -- Albert Einstein

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Howie

2656 posts in 1613 days


#2 posted 10-16-2011 11:17 PM

I think anything that is too good to be true…usually is.

-- Life is good.

View bent's profile

bent

311 posts in 2359 days


#3 posted 10-16-2011 11:31 PM

maybe he’s using a 1 bdft piece of maple to break out car windows and steal the stereos

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sras

3875 posts in 1819 days


#4 posted 10-17-2011 12:29 AM

Toothpicks – $1 each – heck maybe even $0.50 each

-- Steve - Impatience is Expensive

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ShaneA

5351 posts in 1288 days


#5 posted 10-17-2011 12:40 AM

I am torn between designer toothpicks, and some sort of criminal tool. Both are excellent sugestions, with lots of potential.

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Chris

188 posts in 2776 days


#6 posted 10-17-2011 01:47 AM

Bent i must confess your statement is interesting….does make one wonder doesn’t it?

-- Chris Harrell - custom callmaker "Quacky Calls" Eastern NC. http://www.quackycalls.com

View 404 - Not Found's profile

404 - Not Found

2544 posts in 1659 days


#7 posted 10-17-2011 02:29 AM

Could have been a scam, like “Congratulations, you have won an iPod”...
If I could turn a board foot of maple into a $740 profit, there’s no way I’d sell my business.
Did he have a premium rate phone phone number?

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rhett

699 posts in 2357 days


#8 posted 10-17-2011 04:06 AM

It’s his friend, who’s name is Maple. He has a board for a foot, you pay him a buck and he lets you see it.

-- It's only wood.

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Johann Marais

11 posts in 1104 days


#9 posted 10-17-2011 04:23 AM

that is a very intriguing statement.. probably says he’ll tell you his secret until you’ve signed the papers and then come to find out there was no secret.

-- Education is an admirable thing, but it is well to remember, from time-to-time, that nothing that is worth knowing can be taught. -Wilde

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thedude50

3525 posts in 1168 days


#10 posted 10-17-2011 04:23 AM

well what did he say are you buying his tools

-- when I am not on Lumberjocks I am on @ http://thisoldworkshop.com where we allow free speech

View dbray45's profile

dbray45

2536 posts in 1466 days


#11 posted 10-17-2011 08:40 PM

Bookmarked, spalted or burled maple veneer, on the right table top – could do it for the right customer. Other than that, if I am going to create my own company, I want to grow into it. Buying someone elses company without a complete audit and financials – not this week.

If you have the money and want to buy a company, that is one thing – identify the company and industry you want and go for it but beware and be very careful. THere is a lot you are not being told on this one.

-- David in Damascus, MD

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EPJartisan

1074 posts in 1815 days


#12 posted 10-17-2011 10:26 PM

I am very curious about his story and process, but to sell the information makes me roll my eyes. I’ve turned 1 board foot into $700… as art work.. after hard work … but I need someone to define “Profit” ... I work all the time (at home, at the studio, drawing, sculpting samples, etc) ... I know I earn money… it comes in, I buy things… it goes back out. Like an illusion or some kind of happy dream! If I paid myself the money I wanted to earn hourly.. I’d be bankrupt… I can’t afford myself … So what exactly is Profit to someone like me? I went to art school not business school I am not even sure what “capital” is. All I know is that I make pretty things…. and I wake up happy each day.

-- " 'Truth' is like a beautiful flower, unique to each plant and to the season it blossoms ... 'Fact' is the root and leaf, allowing the plant grow and bloom again."

View Jim Jakosh's profile (online now)

Jim Jakosh

11738 posts in 1795 days


#13 posted 10-18-2011 02:51 AM

It sounds lie a come-on to get someone to bite and buy the business. Have you see the products he makes? Are they high end? It is possible if you find the right buyer to do that but you must have to sell it for a lot more to make that kind of profit. I’d be leary!!

-- Jim Jakosh.....Practical Wood Products...........Learn something new every day!! Variety is the Spice of Life!!

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semi75

78 posts in 1590 days


#14 posted 10-18-2011 03:28 AM

I sense a riddle that we are unlikely to guess.

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Chris

188 posts in 2776 days


#15 posted 10-18-2011 05:39 AM

Oh yeah, he had a great deal of stock, product and the sorts along with a myriad of tooling and equipment some of which was a laser engraver and of course a bunch of various type of woodworking machinery. The trade secret does indeed sound too good to be true, heck an entire red maple ripped at the mill isn’t worth this much. But then again, i have learned over the years that you certainly CANNOT judge a book by its cover but on the other hand neither do I trust others until they have proved themselves to me otherwise. To discover this in its entirety would certainly be interesting.

For all i know the guy is hanging out amongst us, if you are my man, tighten your ghillie and don’t squeak or else we will all be rich. lol

-- Chris Harrell - custom callmaker "Quacky Calls" Eastern NC. http://www.quackycalls.com

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