Its current facility occupies 30,000 square feet and employs 46 people, Costello said. Since those early days, they upgraded their offerings to include ornate gaming tables. The top-of-the-line table model, the Prophecy, starts at $5,000, but that’s just the bare-bones version. With options, the price can skyrocket to $60,000.
“This is a $15,000 gaming table,” Costello said during a tour, pointing to an almost completed specimen. “Our average table sells for more than $10,000.”
What drives up the price? For starters “most people aren’t going for red oak,” the standard wood, Costello said; the more exotic, the higher the tab. A matching table cover is at least $1,000. There’s also a custom mechanism that raises and lowers the playing surface, which runs $1,500.
A table takes about two months to build. Currently, Wyrmwood turns out two per week, though Costello anticipates doubling that by the end of the quarter. He said they could deliver eight per week if demand continues to grow. “We have not spent a dollar on advertising, and I think we have 100 on back-order already,” he said.
This article was provided by Bloomberg News.