You're lucky! Because I have stripped guitars (Epi's and Squiers) to discover the ugly materials they are made of.
I bought an Epiphone LP Junior for very little money, it sounded awful. So I proceeded to take it apart, neck, pckups, bridge, pickguard and all... I discovered that the real nice sunburst was literally only skin-deep. The body was made of nothing else but plywood. It looked like good plywood though...
A Squier Jagmaster looks and sounds like a nice guitar, so I bought two. I stripped one of its black poly coat and underneath showed the real "wood" body: A substance that doesn't even look like wood. It's more like pressed shit or some industrial waste product resembling wood. I was disgusted and gave it good coat of saealer and a professional nitro-lacquer paintjob in surf-green. Don't ever remind me of this experience. All this means that you got a lucky break! Get some info on properly finishing it, maybe with clear lacquer if you like the wood so much!
Play On!