The owners of Mill Valley Lumber are looking to sell their historic lumberyard after suffering through several years of declining revenues, according to an article in the Mill Valley Patch.
Opened in 1892, the Northern California business has had six owners over its 120-year history. Dan Cerri and his family bought picturesque lumberyard -- it’s surrounded by old redwood trees and has a creek running through it -- in 1998. The one-acre property also contains a cabinet shop. Asking price is $1.8 million.
Although it’s located in Marin County, one of the wealthiest communities in the Bay Area, Cerri told the Patch that sales have dropped 20% each year since the 2008 downturn. The company’s revenue is almost 60% below where it was four years ago.
If the Cerri family can’t find a buyer for the lumberyard by the end of the year, their plan is to close the business and put the land up for sale, according to the article.