Lumber & Building Materials Retail Store

Business Overview:

TYPE 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 square feet 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 approximately $421,960. 2022 gross sales were $5,548,387, cash flow was approximately $383,470. 2021 gross sales were $5,332,889, cash flow was approximately $348,217.

ASKING PRICE: The asking price for the business is $995,000. This includes equipment, furniture, and fixtures estimated at $320,000. Inventory is not included, valued at approximately $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.

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Property Features and Assets:

FACILITY:  The first building is a 3,360 square feet showroom and office. The second building is an 11,928 square feet warehouse built in 2016. The property is serviced by private water and sewer.

Reason for Selling:

Additional Details:

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