DescriptionTYPE OF BUSINESS: Lumber and building materials retail store. The current owner has been selling quality lumber and building materials to the surrounding area for over 13 years. The company is a contractor/homeowner supply business with a sales breakdown of 65% contractors, 25% homeowners, and 10% DIY projects.
They provide everything the contractor/homeowner needs, such as professional design & drafting, decking, cabinetry, windows, doors, millwork, roofing, and assorted tools available for sale and rent to name a few. They work with approximately 40 major vendors every week and another 40 minor vendors 10 -20 times a year. The owner is willing to stay on staff for some time to ensure a smooth transition.
The hours of the operation are 7:30 a.m. – 4:30 p.m. Monday – Friday.
FACILITY: The first building is a 3,360 sq. ft. showroom and office. The second building is an 11,928 sq. ft. warehouse built in 2016. The property is serviced by private water and sewer.
EMPLOYEES: Owner-operator with a full-time store manager (10 + years), and 8 full-time staff. Most employees have been with the company for several years.
GROSS SALES/CASH FLOW: The gross sales for 2023 were $4,541,081, cash flow was approx. $421,960. 2022 gross sales were $5,548,387, cash flow was approx.$383,470. 2021 gross sales were $5,332,889, cash flow was approx. $348,217.
ASKING PRICE: The asking price for the business is $995,000. This includes equipment, furniture, and fixtures with an estimated value of $320,000. Inventory is not included, valued at approx. $300,000. The asking price for the buildings and 4 acres of property is $1,450,000. Bank financing for the business and buildings is available to a qualified buyer.
REASON FOR SALE: Retirement wanting to spend more time with family.
Facilities & AssetsFACILITY: The first building is a 3,360 sq. ft. showroom and office. The second building is an 11,928 sq. ft. warehouse built in 2016. The property is serviced by private water and sewer. The equipment, furniture and fixtures with an estimated value of $320,000.